Exploring the Gender Pay Gap in Singapore: How Does it Compare to Global Trends?

When it comes to gender equality, many countries around the world have made strides in closing the gender pay gap. However, there are still many disparities that exist, and Singapore is no exception. In fact, according to a recent report by the World Economic Forum, Singapore ranks 54th out of 153 countries in terms of gender pay gap. This begs the question: what exactly is the gender pay gap in Singapore and how does it compare to other countries globally?The gender pay gap refers to the difference between the average salary of men and women in the workforce. In Singapore, this gap currently stands at around 16%, which means that on average, women earn 16% less than men. This gap has slowly been narrowing over the years, but it is still a significant issue that needs to be addressed. So how does this number compare to other countries? The global average for gender pay gap is around 23%, which puts Singapore slightly ahead in terms of pay equality. However, countries like Iceland and Norway have managed to close the gap to less than 5%, showcasing that there is still a lot of work to be done in terms of achieving true gender equality in the workforce.Despite the efforts made by the Singapore government to promote gender equality, there are still underlying factors that contribute to the gender pay gap. These include cultural norms and stereotypes, as