CURRENT AFFAIRS

Detailed explanation-1: -International Equal Pay Day is celebrated on 18 September. In 2022, the Equal Pay International Coalition (EPIC) would like to use this occasion to highlight some of the pay transparency measures being implemented in different parts of the world, including various tools and responses to key questions.

Detailed explanation-2: -International Equal Pay Day, celebrated on 18 September, represents the longstanding efforts towards the achievement of equal pay for work of equal value. The symbolic day aims at highlighting issues related to the gender pay gap and raising worldwide awareness.

Detailed explanation-3: -The Equal Pay International Coalition (EPIC) is an international initiative led by the International Labour Organization (ILO), the UN Women and others. Its aim is to reduce gender pay gap and make equal pay for work of equal value a reality across all sectors in all countries.

Detailed explanation-4: -With a gender pay gap of 11.3%, Equal Pay Day falls on 20th November this year – this is the day in the year when, based on average pay, women overall stop being paid compared to men.

Detailed explanation-5: -The gender pay gap The 2022 mean GPG (the difference between men’s and women’s average hourly pay) is 5.45% and the median is 9.71%. In monetary terms, the mean hourly difference in ordinary pay is £1.44 compared to £1.48 in 2021 and the median hourly difference is £2.41 compared to £2.68 in 2021.