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December 12, 2019

Accountancy gender pay gap lagging by over 20%

By Zoya Malik

Political parties have announced plans to achieve full pay equality in the UK by 2030, but the accountancy sector is lagging behind with a pay gap of over 20%, a survey has revealed

The results of the survey have exposed a shocking difference in the salaries between men and women working in the sector. Despite improving by 6% since 2018, the accountancy gender pay gap is still 22%. The slow improvement suggests it might take the sector longer to reach full pay equality than other UK industries.

SJD Accountancy (SJD) conducted the survey to find out the salaries of men and women working across different sectors in the UK.

The annual survey from the leading UK accountancy firm, which has created a gender pay gap tool for people to see the gaps in their own sector, is conducted with contract workers within a series of sectors. This includes finance, health, science, creative media, IT and retail.

Results from the 2019 survey reveal that only two sectors – engineering and pharmaceuticals – out of 14 major industries have seen a significant positive change in pay equality since 2018.

All sectors and their positive and negative pay gaps are as follows:  

 

Sector

2018 Gap %

2019 Gap %

Difference

Accountancy

28%

22%

6%

Construction

N/a

10%

N/a

Creative media

10%

15%

-5%

Education

N/a

36%

N/a

Engineering

6%

4%

2%

Financial services

1%

19%

-18%

Healthcare

-42%

16%

-58%

IT

8%

12%

-4%

Manufacturing

N/a

17%

N/a

Retail

N/a

17%

N/a

Telecoms

10%

45%

-35%

Professional services

9%

23%

-14%

Oil, gas, energy

49%

66%

-17%

Pharmaceuticals  

41%

10%

31%

 

  • N/a – These are industries that weren’t surveyed in 2018.

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