One of the reasons for the persistent wage gap between men and women may be related to overtime pay. According to a September study from the American Sociological Review, men are more likely than women to work more than 50 hours per week. The extra hours created an additional 6 percent in hourly wages across all occupations. The difference in overtime hours could be contributing about 10 percent to the overall pay gap, the research claimed.

Particularly through the 1980s and 1990s, overtime hours, referred to within the study as "overwork," were a high contributor to the wage gap. In 2000, 2 percent more men than women worked more than 50 hours per week. According to researchers, women were less likely to accept a position that required overtime hours, probably because they are often the primary caregivers for children.

The wage gap between men and women has been relatively stagnant for nearly a decade, according to The Wall Street Journal. In 2012, women earned 76.5 cents for every dollar earned by a man. In terms of annual salary, this means men earn a median $49,398 a year, while female workers make $37,791.

It is important to pay workers fairly for their positions, as well as to compensate them for all hours worked. Attendance software can help employers maintain records of employee time and wages.

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