Gender pay gap in Colombia: progress compared to the region, but challenges remain
Gender pay gap in Colombia: progress compared to the region, but challenges remain Photo: Image from ChatGPT
TL;DR
- Colombia has the lowest gender pay gap in Latin America at 5.7%.
- The regional average gender pay gap is 16.9%.
- The study highlights that women are not asking for fewer raises than men (33% vs. 35%).
- Women report lower recognition and satisfaction with professional development opportunities.
- Women access training instances less frequently than men (41% vs. 45%).
- Recommendations include objective promotion criteria, clear salary bands, and eliminating asking for previous salary in interviews.
- Reducing the gender gap should be a key performance indicator for management.