Women recommend franchising
In 1970, The Equal Pay Act was approved in a bid to settle the gender related pay gap. Now in 2008, research shows that the pay gap situation is still not solved. Women continue to fight for equality in the workplace.
According to the TUC, The Trades Union Congress, in recent years the pay gap between men and women has narrowed, but it is noticeable that men are earning nearly 17.2% more that women when holding the same position in a firm. It was calculated by Equal Opportunities Commission that an average woman, working full time, loses approximately £333,000 in her entire lifetime due to the gender pay gap.
Therefore, women are becoming self-employed in order to secure their futures and control their finances. Franchising is an excellent route for women who need a position that fits around family commitments. Being their own boss will help women to work at flexible hours convenient to them. They can also enhance their skills and utilise their experience.