Happy Equal Pay Day! This day is determined by calculating how far into the new year women would have to work to earn the same amount of money men earned in 2018, according to an Owl Labs report released Tuesday. Last year, Equal Pay Day was acknowledged on April 10, indicating the gender pay gap has narrowed, but not significantly, the report said.
With the rise of remote jobs across tech and other industries, the report surveyed more than 2,000 full-time employees to determine the state of equal pay between genders who work remotely. They were asked about their salaries, career growth opportunities, industries, and the frequency with which they work remotely. It found a strong gender pay gap to exist between remote working men and women in the US.
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Women who work fully-remote earn 25% less than their male peers, the report found. And men who work remotely full-time are also 25% more likely to earn six figures than women who do so, revealing a clear pay disparity between the groups.
However, working remotely doesn’t impact an employee’s earning potential, the report said: Respondents who work remotely full-time are actually more likely to earn salaries over six figures than those who don’t.
Regardless of working style, the gender pay gap persists, the report said. The opportunity to earn higher salaries increases more for men when they begin working remotely than for women. The salary distribution for women follows more of a bell curve, while men’s consistently increases, the report showed.
Some 40% of women said they work remotely to achieve a better work-life balance, the report found, but men who work remotely are 45% more likely to receive at least two more promotions than women who do the same. This difference could be attributed to the “motherhood penalty,” the report said, which claims women choose to work remotely to take care of families instead of work.
For more tips on how to find and thrive in a remote job, check out this TechRepublic story.