The median salary of women in the tech sector is 9% lower than the men they work alongside – the equivalent of £5,000 per year – according to a new report.

Recruitment agency Hired pulled the data from an analysis of more than 10,000 offers across approximately 3,000 candidates and 750 companies.Cash In Hand 3

The data found that the UK is the worst tech-hub offender with a 9% gap, followed by the US coming closely behind at 8%. Australia had the lowest gap at 5%, followed by Canada at 7%.

Marta Krupinska, Co-Founder and GM of Azimo, said: “The fact that a £5,000 pay gap exists in the tech sector is unacceptable. We’re far behind the US, Australia and Canada in terms of equal pay and that shows that there’s a fundamental issue that needs to be addressed.

“Our tech sector is a world-leader because of its creativity and innovation – and women are a vital part of this. Research has proven that gender-diverse companies are 15% more likely to perform above the industry average, so it’s crucial that UK tech companies take responsibility and eliminate any pay gaps, otherwise the future of our sector is at risk.”

Hired’s data also analysed women in the fields of software engineering and tech sales, finding that women working in technology sales are offered roles with a median salary of 5% less than their male counterparts. Furthermore, in software engineering women are offered 9% less than their male colleagues.

Tom Castley, VP EMEA of Xactly said: “In sales roles, this gap stands at 5%. This is a serious business problem for our sector. Businesses failing to suitably reward their staff, regardless of gender, will ultimately fail to gain the most from their employees and will be limited in their success. Eradicating the gender pay gap should be a priority for every UK business. To tackle this, the way we pay employees must fundamentally evolve with the digital age.

“As a country, we must move away from the old-fashioned salary economy to the performance economy. Rather than paying people based on their position and tenure, employees must be rewarded for their output. Empirically linking pay and performance, using data, will ensure that both women and men are being rewarded fairly for what they do. Tech is a vital sector for the UK economy, and only by moving beyond the outdated gender pay gap can we secure its success for the future.”

The gender pay gap was found to be worst at mid-sized companies. Companies with 200 or less employees or more than 1000 employees were found to have a wage gap that is near or less than the industry average of 9%, while companies that have between 201-1000 employees were found to have nearly double that, at 17%.

You can join in the conversation at #letsclosethegap.