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Human Interest / Human Resources /  •

Mind the gap

There is no doubt that a gender equity revolution is underway in Canada, with systemic abuses being challenged and addressed within economic sectors.

The need for a continuous, firm push forward is nowhere more apparent then when men’s salaries are compared to women’s salaries. The Canadian Centre for Policy Alternatives released a report that calculated the salaries of 1,200 named executive officers at 249 publicly traded companies in Canada. It discovered that women earn about 68 cents for every dollar made by their male counterparts. This top gap means that, on average, men earn about $950,000 more annually than women in similar executive positions, reports the Canadian Press. The gap closes to 86 cents when comparing the wages of women and men in senior manager roles, a statistic that is almost in line with the country’s overall pay gap of 87 cents.

Another study using Statistics Canada data that was crunched by the Brookfield Institute for Innovation and Entrepreneurship at Ryerson University of Toronto indicated that women in tech jobs who hold
a bachelor’s degree or higher earn nearly $20,000 a year less than their male counterparts. ◊