At less than 17 per cent, the pay gap between male and female workers in the construction industry is at its lowest level on record, new figures reveal.
According to the ONS-published Annual Survey of Hours and Earnings, income inequality between men and women working in the sector now stands at 16.3 per cent – 1.8 per cent below the national average.
Tackling the UK gender gap could add £150 billion to the annual GDP in 2025 and in order to reduce the deficit further, the Government will require all employers with more than 250 employees to publish their gender pay and gender bonus gaps from April next year.
It is hoped this will identify the barriers which are preventing women from earning a higher wage.
Minister for Women and Equalities, Justine Greening said: “It is fantastic to see we now have the lowest gender pay gap on record. No woman should be held back just because of her gender.
“The changes we’ve made so that men and women can share their parental leave, the support we’re giving to get more women into the top jobs at our biggest companies and our drive to get more girls taking STEM subjects at school are all helping to reduce this gap.
“We’ve achieved amazing things but there’s more to do – that’s why we are pushing ahead with plans to require businesses to publish their gender pay and gender bonus gap for the first time ever from April next year.”