Female graduates undervalue their worth as they enter the job market

 

When we reported on the LEO findings at the end of last month, we were drawn to the earnings gap data – which highlighted how, of the 23 subject areas that were measured, only one showed female earnings to exceed their male counterparts within five years. Indeed, female graduates earn on average £6,500 less than their male counterparts.

This alarming statistic seems to be further substantiated by research conducted by Milkround. Their recent report showed that over a third of female graduates expect a starting graduate salary of £20,000 (which falls £10,000 short of the median UK graduate wage of £30,000 per year), whilst just 18% of male graduates are prepared to accept that same salary. What’s more only 17% of females would expect to earn between £25,000 to £35,000 in their first job.

This has obviously given Milkround food for thought and prompted the UK's leading student and graduate career resource to look at a 'lead floor' phenomenon that’s possibly emerging amongst female graduates in the UK. And the question they’re asking is this. By limiting themselves in terms of their graduate-entry salary expectations – and in opposition to the glass ceiling that remains an issue for women in the workplace as they progress in their jobs – are young women weighing themselves down by a 'lead floor' (before they even set foot on the career ladder) by vastly undervaluing themselves?

Clearly, the report suggests that young men place more value on their skills and knowledge than young women – which is substantiated by their starting salary expectations.  And it’s this awareness of their value, and confidence in it, that gives them a head start when it comes to their income from the outset of their careers.

Francesca Parkinson from Milkround said: "Although we're very aware of the existing gender pay gap, it was a surprise for us to see that so many female graduates do not realise their worth when starting their careers, a fact that may contribute to a difference in pay.

"Nearly 85 per cent of female graduates do not know their own value, which may have a knock-on effect in their future earnings. As the UK's largest graduate advice website, we feel a responsibility to empower women in the workplace, helping them to realise their worth and build career confidence."

 

Wednesday, 12 July 2017

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Female graduates undervalue their worth as they enter the job market