New research has revealed it will take an estimated 62 years to close the gender pay gap in the manufacturing industry. The data, from PWC and analysed by manufacturer MSP, also found that it will take at least 33 years for women’s participation rate in the labour force to catch up to men’s current participation rate of 80%.
MSP found in their new whitepaper ‘Women in Manufacturing: State of the Industry 2023’, that the disruption to earnings caused by the COVID-19 pandemic, as well as critical organisational barriers, have acted as blockers to industry progression in gender equality. The research found the gender pay gap is also causing a serious effect on savings…
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