Most Canadian firms not tracking gender pay gap
Survey also found companies lack essential data to measure progress, identify obstacles to women’s advancement
Women hold up signs supporting gender equality at a Women's March in 2017. A survey found only 39 per cent of Canadian companies have accurate data on wage differences. The majority of Canadian companies are not closely watching differences in pay or advancement between men and women and other key measures of progress, according to a report on gender equality in corporate Canada and the U.S.
The Canada-United States Council for Advancement of Women Entrepreneurs and Business Leaders’ commissioned a survey of human resources professionals in Canada and the U.S. and found that just 39 per cent of Canadian companies had accurate data on gender pay differences.
The survey of 150 human resources executives in Canada and 250 in the U.S. also found that 48 per cent of Canadian companies said they do not have accurate data on the percentage of women at the management level.
While corporate commitment to gender diversity is at an all-time high, these survey results point to a “critical gap” between intention and action, the cross-border council said.
“Many companies want to see women advance, but do not approach the goal with rigour and discipline as they would any other business priority,” it wrote in its report released last week.
Canadian women make on average 74 cents for every dollar of annual salary made by men among the entire working population, according to the most recent Statistics Canada data. Among the companies on the TSX 60 index,
“EQUAL PAY FOR ALL IS WITHIN REACH.”
none listed a woman as its chief executive officer in their compensation disclosures for the most recent financial year, according to a Canadian Press analysis of management information circulars.
There were only 25 women out of the more than 300 named executive officers of TSX 60 companies, and they were paid on average 64 cents for every dollar earned by their male counterparts.