Higher qualifications imply a better salary
A study on the structure of salaries, conducted on a sample of some 2,000 companies and of over 20,000 employees in the country has revealed that young women between the ages of 25 and 34 (representing 43% of the workforce in this age group) are better paid than men of the same age.
This observation is explained by the fact that they are generally better educated: 51% of the active women in this age group have a higher education qualification, against just 37% of the men. However, from 35 years onward, the tendency is reversed and the men's wages are higher.
From a global perspective, the average annual salary of a Luxembourg employee, regardless of gender (for a full-time job), is € 59,744 — the highest in the European Union. Generally speaking, even if the pay gap between the sexes is the lowest in the European Union, amounting to 6%, male employees Luxembourg are still paid more than women with an average gross salary exceeding 61,000 € per year against less than 60,000 € for the women.
However, the Grand Duchy fails to reach good marks in terms of gender equality when it comes to the part of women in executive functions (executives, directors, managers). Indeed, only 24% of women hold such posts in Luxembourg, against 36% in the EU.
Gaps ... not just between gendersIf we take a look at the general population, there are wage disparities on many levels, not just when it comes to gender. The level of qualifications also plays a big role when it comes to making money.
The study shows quite clearly that a person with a lower secondary education level earns almost 3 times less than a person with a master or PhD type degree (€ 39,000 gross per year against € 97,000).
In other words, there is some room for improvement on many levels when it comes to wages in the country.
(Article written by the editorial team of the portal luxembourg.lu)