Top 10 Industry Gender Pay Gaps – Two Insurance Related (?)
Any gender pay gaps should be a concern to that industry.
Another holiday is upon us. I had already written two articles this week. I decided to Google what other subjects to write about just before a holiday. One of the best online newspapers on earth is the Daily Mail out of the UK. The Daily Mail provides an outsider’s objective view to what is happening in the US.
I came across this shocking article on gender pay gaps. Even though the article was over six months old, it was still relevant. The original article from another publication can be found here. The original article – a great analysis delves much more into the gender pay gap.
The industry with the highest gender pay gaps was Insurance Agents along with the #10 rated industry as Claims Adjusters and Examiners.
Female insurance agents made less than 2/3 of their male counterparts. The number of female vs. male workers in this area are basically the same.
Women claims adjusters/examiners made less than 70% of their male counterparts even though as of 2012, women held nearly two thirds of the jobs in these professions.
I, or the articles, did not explore the reason for the gender pay gaps. The full list is enumerated below.
1. Insurance
Women’s wage as pct. of men’s: 62.5%
2. Retail
Women’s wages as pct. of men’s: 64.3%
3. Real estate brokers and sales agents
Women’s wages as pct. of men’s: 66.0%
4. Personal financial advisors
Women’s wages as pct. of men’s: 66.3%
5. Education administrators
Women’s wages as pct. of men’s: 67.2%
6. Physicians and surgeons
Women’s wages as pct. of men’s: 67.6%
7. Marketing and sales managers
Women’s wages as pct. of men’s: 67.7%
8. Security, commodities and financial services sales agents
Women’s wages as pct. of men’s: 69.1%
9. Inspectors, testers, sorters, samplers and weighers
Women’s wages as pct. of men’s: 69.2%
10. Claims adjusters, appraisers, examiners and investigators
Women’s wages as pct. of men’s: 69.3%
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