An illustration of the gender pay gap. The report by global women rights advocacy Equileap further shows none of the 61 listed firms have firmed measures towards the closing of the gap estimated at an above average 32 percent by the UN backed World Empowerment Principles (WEP) advocacy.
Publicly listed firms have failed to disclose key data on gender segregated pay pointing to the limited transparency in gender parity within the country’s workforce, a new report shows.
The report by global women rights advocacy Equileap revealed that none of the 61 listed firms have measures towards the closing of the gap estimated at an above average 32 percent by the UN backed World Empowerment Principles (WEP) advocacy.
Moreover, 62 percent of firms bare no information on the gender composition of their workforce to further expound on the gender parity blur inside Kenyan firms.
Better than the U.S
Nevertheless, gender equality at the workplace sits at par with global leaders with an average score of 26 percent and betters the performance of global economic leaders including the United States and Japan.
Women in Kenya account for 22 percent of all executive officers/CEOs to better female directorship roles at Fortune 500 companies (7 percent) and FTSE 100 listed firms (6 percent)
The Communications sub-sector accounts for the highest score in parity at 34 percent surpassing the global average score of 30.
At the same-time, Kenyan firms have a solid representation of women across all four levels beating the global average score across the board even as more women fall under the general workforce segment at 43 percent.
Standard Chartered Kenya leads all other firms with a gender equality score of 63 percent.
The Tier 1 Lender is among three of the only companies that offer a living wage and offers paid leave to primary care givers (mostly mothers) for up to 20 weeks/5 months.Other firms on the top 10 list include; the WPP Scangroup, Safaricom, Barclays, Kenya Airways, Kenya Re, KenGen, Stanbic, KCB and the East African Breweries Limited (EABL) Equal pay While the public listed firms in the country measure up to the global leaders including Australia, France and Sweden, the non-disclosure of pay difference leaves a gaping hole to the assessment of full gender parity and is controversial as it is secretive.By WEP’s own account Kenyan women take home a lesser Ksh.68 for every Ksh.100 paid out to a man.To enforce transparency in gender pay parity, […]