Britain’s startup ecosystem dominates VC funding but it boasts one of Europe’s worst gender pay gaps, new report shows
European startups pay women 81 cents for every euro they pay to men on average as the lack of representation in senior roles continues to reinforce the sector’s reputation as a boys’ club, new data show.
The industry has an unadjusted gender pay gap of 19%, which takes the salaries of startup staffers into account regardless of their location, seniority, or role, according to a new report from compensation analysis platform Figures and 50inTech. The report draws on 75,000 data points across Europe from February 2023.
When the salary data was adjusted to compare men and women who held similar roles, the average gap shrunk to 1.6%,
A rounding error then.