Switzerland’s gender pay gap one of the worst in the world
The difference in pay between men and women in senior roles in Switzerland puts the country at the bottom of a global gender pay gap list, according to a new report by the International Labour Organization.
The Women in Business and Management report says that, after Switzerland, only Italy, Kazakhstan and Israel pay women managers less than their male counterparts. For employees at all levels in business, Switzerland has the third largest pay gap, with only Austria and Israel being worse. The report surveyed 13,000 companies in 70 countries.
Switzerland made 21st place in the list for the proportion of women in management, which is around a third. In addition, the report highlighted the fact that the country has one of the lowest percentages of women in tertiary education compared to men.
The study found that businesses with genuine gender diversity, particularly at senior level, perform better and see significant increases in profit.