Ravio, a leading player in the european tech sector, has unveiled its 2024 compensation trends report, offering invaluable insights for the first half of the year, a period usually marked by major economic changes and evolving work practices.

From International Women’s Day to the EU’s Equal Pay Day, conversations surrounding the gender pay gap aren’t a recent development.But when you consider that the gender pay gap in Europe currently sits at 26 percent, according to new research from Ravio, it’s obvious that a lot more needs to be done to tackle the issue.One way the EU is hoping to do this is at the legislative level via the upcoming EU Pay Transparency Directive.Enforceable by June 2026, companies are under increasing pressure to not only address potential pay discrepancies between male and female employees but also resolve any gender-based inequalities when it comes to pay ahead of the deadline.According to the research, the biggest inequalities in tech occur in more junior roles which are mostly held by women (41 percent of all female tech workers).Interestingly, women who hold executive positions or have reached C-suite status (19 percent of all female tech workers) report that no pay gap exists.Consistent framework is neededAnd when you drill down further into the data, certain European countries are better than others at addressing the issue, further highlighting that a consistent framework is needed.The Ravio data established that France has the narrowest pay gap at 18 percent, followed by the Netherlands at 23 percent and Germany at 25 percent. The UK, which has a pay gap of 29 percent, will not have to adhere to the legislation, however, companies that employ people within the EU must comply.Under the new EU legislation, pay levels and career progression frameworks will have to be made available to all employees. The secrecy surrounding how much staff are being paid will also be banned.Employers will also have to disclose the salaries of “categories of workers”, for example, what junior staff members across multiple departments are earning.In the meantime, if you feel like your current employer isn’t being transparent about pay or career progression within your role, it could be time to start considering your options and looking for a new job.If that is the case, the Tech EU Job Board is the perfect place to focus your search. It features thousands of tech openings across Europe, including the three below.Senior Java Software Engineer, Western Union, MadridDo you view integrations in the retail financial industry as more than just APIs and microservices, and instead see it as an opportunity to improve the digital banking customer experience? If so, this Senior Java Software Engineer opportunity at Western Union could be the perfect fit.In this role, you will lead work on innovative, actionable and efficient technology solutions to drive microservices development, demonstrate strong capabilities in assessing business needs while providing creative and effective solutions in conformance to emerging technology standards, and collaborate with other engineers to develop technical and domain expertise and apply these learnings in solving product challenges. Find out more here.Fraud Data Analyst, EBA Clearing, ParisEBA Clearing is owned by 48 of the major banks operating in Europe and is based on a country-neutral governance model. Its FPAD Competence Centre (FCC) is responsible for the development and maintenance of fraud detection models for EBA CLEARING FPAD functionality

Read this article in:In line with wider, and necessary, conversations about diversity, equity and inclusion (DE&I), the existence of the gender pay gap keeps on rearing its head. That’s because, despite a lot of talk about closing the gap over the past couple of decades, it just isn’t budging.For example, in the U.S., the pace of change this century has been glacial, according to data from Pew Research Center. In 2002, women earned 80 cents to the dollar compared to men. By 2022, they only earned 82 cents for every dollar earned by men.And if you’re a woman working in a EU country, on average you’ll be earning 12.7% less than your male counterparts.On a macro level, the European Commission is acting, and has adopted new legislation on work-life balance and gender balance in corporate boards, as well as a Pay Transparency Directive, which gives workers the right to enforce their right to equal pay.Seniority paysHowever, when you examine certain pay gaps on a micro level, there are positives emerging. According to a report by compensation platform Ravio, there is no gender pay gap at the executive level in European tech.Entry level roles experience a 2% pay gap, with junior jobs showing a 22% differential for women, and female managers experience a 17% gap.This data suggests that the gap narrows as women get to the top of the tech ladder because, according to Ravio’s co-CEO Merten Wulfert, they “understand their market value and have the experience to negotiate offers”.Regardless of the level you’re at, a job switch represents the ideal time to ask for more compensation. Whether that’s in terms of salary, pension contributions, percentage-based bonuses or share schemes, you can look to add 10-15% onto your annual earnings.If that sounds like an attractive prospect, then the Silicon Canals Job Board is an ideal place to start your search