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Men paid more than women to stay in job

A new survey has found that employers of banking and financial staff are willing to pay men more than women to stay in the firm.

entertainment Updated: Sep 02, 2010 16:59 IST

A new survey has found that employers of banking and financial staff are willing to pay men more than women to stay in the firm.

A survey of 2095 accounting and finance professionals by recruitment firm Marks Sattin Australia found 360 had resigned at least once in the last six months and of those 31 per cent had received a counter offer from their employer to stay, reports news.com.au.

A similar 2009 survey revealed only 22 per cent of those quitting had been offered more money to stay. The 2010 survey found that the number of men and women offered more money to stay was about equal.

However, of those, 25 per cent of the men were offered 20 per cent or more to stay compared to just 15 per cent of the women.

Scott Stacey, Managing Director of Marks Sattin Australia, said while the research indicates employers were willing to pay more to keep male staff it did not reveal why.