BRIEF

on The Stepstone Group

Stepstone Reveals Gender Pay Gap from Career Start

The Stepstone Salary Report 2024 indicates that gender pay discrepancies in Germany begin with the first job, where men earn a median salary of 40,250 euros compared to women's 37,500 euros in the same period, reflecting a 4.8 percent adjusted gender pay gap. This disparity is observed despite men and women being equally successful in salary negotiations, though women report feeling less comfortable in these situations.

In light of Equal Pay Day 2024, the report highlights an increasing salary gap with career progression, with an adjusted gender pay gap of 5.5 percent among full-time employees. The analysis reveals significant occupational group disparities, with the trades showing the highest entry-level adjusted gender pay gap at 7.9 percent.

Dr. Tobias Zimmermann of The Stepstone Group emphasizes the need for salary transparency to bridge the gender pay gap. In response, Stepstone advocates for clear salary information in job postings and offers tools like the Stepstone Salary Planner for salary guidance.

The report also showcases the importance of transparent salary discussions, noting a 90 percent approval rate among women for salary transparency in Germany. Occupational insights show varying gaps across fields, with HR, marketing & PR, and catering & hospitality sectors reporting the smallest discrepancies.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all The Stepstone Group news