Equal Pay Day 2024 will be 20th November – the day when far too many women will start working for free.

On average, working women earn less each year than their male counterparts doing comparable work. The difference in pay is largest among higher earners according to official data, and the gender pay gap soars as women age. It increases significantly when women are over 40, and peaks over 50, often due to taking the load with unpaid caring in the family.

It means that for part of each year women effectively work for free – and that date comes on November 20th this year.

So, from then until the 31st December, their employers have the use of their labour for nothing. And it’s getting worse, not better.

Women’s rights charity the Fawcett Society have announced that Equal Pay Day 2024 has fallen back by two days this year. This shift highlights a setback: after years of very slow, but gradual progress, the UK’s mean gender pay gap has now widened for the first time since 2013.

This year, the mean full-time hourly gender pay gap in the UK stands at 11.3%, a significant increase on last year’s 10.4%, underscoring the challenge in reducing pay disparity between men and women.

  • New gender pay gap statistics have just been released by the Office for National Statistics and we will be doing a deep dive into those over the coming weeks.   Women are affected more at different ages and in different sectors and if we know more, we can call it out.

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This is LUMIN

Editorial from our writers and contributors towards our common goal: raising awareness of the issues that matter to women who want to drive greater success for all, in the world of work and in business

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