Pay Gap

Transformation is essential for long-term viability and sustainability. An evaluation of the gender pay gap in the medical schemes industry shows that white CEOS still dominate the medical aid space relative to their black counterparts. According to a Council for Medical Schemes gender pay gap research study, which focused on the CEOS of medical schemes in South Africa, in 50 medical schemes there were 32 (64%) white CEOS and 18 (36%) black ones. When adjusting for gender, the results further indicated that 23 (46%) CEOS were females and 27 (54%) males. Furthermore, in large schemes the pay gap between male and female CEOS was 39%. | IOL