Self-employed women charging significantly less than men

A new survey shows that more self-employed women have increased their rates this year, but they still charge significantly less per day than men.

Employee using a calculator and notepad

 

Self employed women are charging a considerly lower day rate than their male counterparts, according to a new UK survey.

The annual contractor survey commissioned by SJD Accountancy found that around half of male respondents (48 per cent) charge between £500 and £749 per day, but only 35 per cent of women fall into the same bracket.

The majority of female respondents (47 per cent) fell into the £250-£499 day rate bracket, while only a third (32 per cent) of male contractors set their day rate between those figures.

14 per cent of men working for themselves also revealed that they charge more than £750 a day, with only seven per cent of women charging that amount.

Moreover, when it comes to working overtime to get contracts completed on time,  more than three in four (78 per cent) of women do not bill for these hours, compared to 55 per cent of male contractors.

However, the survey found that women have increased their average day rate more than men over the last 12 months, with almost half (45 per cent) of those surveyed saying their day rate has increased compared to just 20 per cent of men. Four in five self-employed men (83 per cent) said their day rate has stayed the same, compared to just 45 per cent of females.

According to the latest figures from IPSE, women make up around one third of the self employed with one in eight being working mothers.

Samantha Reading, Accountancy Director at SJD Accountancy, said: “Educating female contractors on how they can go about charging correctly for their services by potentially increasing their day rates and ensuring they feel confident when it comes to following up on late payments is crucial to help bridge the gap this survey has highlighted in fees being charged.

“Contracting has traditionally been a male-dominated industry, so it’s fantastic to see more and more women filtering through. However, we must recognise that this can be an intimidating experience for those who are new to self-employment, so equipping people with the tools and right education to succeed and be rewarded for their work is paramount.”



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