UK Gender Pay Gap Decreases to 7% in 2024

The gender pay gap for full-time employees in the UK has decreased to 7% in 2024, down from 7.5% in 2023, according to the Office for National Statistics (ONS). However, when considering all employment roles, the gap widens to 13.1%. The ONS report indicates that women over 40 face a larger disparity compared to younger employees, with the most significant gaps found in skilled trades and financial management roles. Meanwhile, FDM Group reported a mean gender pay gap of -2.5% in 2024 due to its gender equality initiatives, with efforts focusing on increasing female representation in senior roles. In the U.S., women lost $1.7 trillion in earnings in 2023 due to the gender pay gap, with calls to ratify the Equal Rights Amendment to address systemic disparities. The contrast between progress in the UK and persistent issues in the U.S. highlights ongoing challenges in achieving gender pay equality globally.