Worrying pay gap in management roles
The latest report detailing the gulf between women and men’s pay comes from the Chartered Management Institute which analysed a salary survey of 72,000 UK managers.
Women working in equivalent full-time roles earn 22 per cent less than men, according to the Institute, the professional body that promotes best practice in management and leadership.This means that women managers are effectively working for free for one hour 40 minutes a day compared to men.
The findings reinforce Fawcett Society concerns about the gender pay gap. Commenting on the report, Sam Smethers, Chief Executive of the Fawcett Society said:
“This report reveals the worrying extent of the gender pay gap in management and senior levels. Employers need to look at how many women are at the top of their organisations and how they get there. We need to identify and address the barriers that prevent women from progressing and maintain the pipeline of talent.
“One way forward would be to ensure that senior roles are advertised on a part-time basis or as a job-share unless there is a good business case for not doing so.”
The report indicates that the pay gap rises at more senior roles and as women grow older. Women also miss out on bonuses, with the average man’s bonus of £4,898 almost twice that of the average woman’s bonus of £2,531.
See an infographic of the findings
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