Helen Nugent

Pay rises, payday loans, students and savings

Women do ask for pay rises – they just don’t get them. That’s according to research by Cass Business School and the universities of Warwick and Wisconsin.

The theory that women get paid less than men because they are not sufficiently pushy in the workplace is not true. Women are as likely as men to ask for a pay rise – but are less likely to get one, the study, which looked at 4,600 workers, revealed

It found ‘no support’ for the ‘reticent female’ theory, whereby women avoided asking for more money. For what it claimed was the first time, the study eliminated any impact from part-time workers earning less than their full-time counterparts, by comparing full-time males with full-time females, and part-time males with part-time females. When like-for-like male and female workers were compared, men were 25 per cent more likely to get a pay rise when they asked. Payday loans

Payday loan complaints have risen sharply but the list of gripes about financial products is still dominated by payment protection insurance (PPI).

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