Men should work fewer hours than women in order to close the gender pay gap, a British thinktank is suggesting.
A report from the Institute for Public Policy Research (IPPR), a leading UK thinktank, has found a pay gap in 80 per cent of clearly defined occupations, with seniority being the critical driver of wage disparity.
All companies in the UK with more than 250 employees were required to publish their gender pay gap for the first time in April and showed 8 out of 10 companies paid women less on an average hourly rate than men.
"This points to seniority as a critical driver of the pay gap: for most occupations, men are in more senior, high-pay versions of the role than women," said Catherine Colebrook, IPPR's chief economist and co-author of the report, The State of Pay.
"What this report tells us is that firms are a big part of the solution to fixing the gender pay gap but they can't do it on their own."