Average Wage Depends on Gender and Age Says Unum

20th October 2008

New research published by Unum today reveals that substantial wage inequalities remain, with gender and age driving the disparities that exist across the nation’s 22 million full time workers.

According to Unum’s latest figures average full time earnings for a man (£30,035) are 32% higher than those for a woman (£22,773).

Across the nation, average earnings peak at 49 years of age, with the average 49 year old being paid £37,340 compared with the national average wage of £27,376 across all age groups.

But a worker will have to reach at least 29 years of age before they attain close to that average national wage – the average 21 year old earns just £16,502. And average salaries tail off for older workers, with the average 59 year old currently earning £26,771.

Unum, the UK’s leading disability insurer, conducted detailed research across all age groups of full time workers to get a clearer understanding of age and gender disparities.  A summary of average age to average wage is provided in the table below:

Age  Average Wage Age Average Wage Age Average Wage
19 15,744 34 27,289 49 37,340
20 12,672 35 29,280 50 36,555
21 16,502 36 29,654 51 34,758
22 18,793 37 25,701 52 28,258
23 17,708 38 30,871 53 28,908
24 19,408  39 26,470 54 29,326
25 21,725 40 27,346  55 27,051
26 23,961 41 28,029 56 26,067
27 21,459 42 31,478 57 27,598
28 24,403 43 25,719 58 29,741
29 28,201 44 28,760 59 26,771
30 25,187 45 35,602 60 31,157
31 25,112 46 26,432
32 28,957 47 27,838
33 30,708 48 28,916

The latest figures from the Office for National Statistics – from the 2007 Annual Survey of Hours and Earnings – state that the median weekly wage for full time working women was £394 (annual wage of £20,500), compared to £498 for men (£26,300 per annum). This is a difference of 28% between annual pay.

Commenting on the findings, Paul Davies, Unum’s Marketing and Business Development Director said:

Age and gender issues are still at the very heart of pay disparities across the country – the pay gap between the sexes even appears to be widening. Employers need to be careful and act swiftly to address gender and age inequalities as these can quickly lead to staff discontent and absence management issues.

Legislation is of course in place to protect both employers and employees but as the population continues to age, employers will need to review their workplace practices to ensure they are set up to cope with older staff.”

WorkMatters, a Unum Group company, offers a range of solutions to help manage workplace absence through illness, disability or injury – the key to maintaining a productive workforce.

WorkMatters specialises in providing clients with a critical assessment of their practices and policies in relation to absences. It also provides clients and their employees with a system to identify, reduce and manage absences due to illness, injury or disability.

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Last Updated:22 October 2008

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