Women still earning less than men for doing the same jobs

The Chartered Management Institute has recently conducted a survey that involved nearly 40,000 managers. This survey was looking at the differences between salaries between men and women, and it found that despite all the legislation offering equal opportunities, women generally earn around £420,000 less than men over an executive career. This equated to around £10,000 more being paid to men every year on average.

It was also found that women also received significantly less bonuses than men in the same job roles. The Institute also stated an executive is anyone working at a junior manager all the way up to the board level, and it found that at a managerial level, the pay gap was still at around 25 percent, which remains unchanged based on the same survey that was conducted last year.

This is significantly more than some other job roles that are seen in the country, and the average difference in some areas was around 10 percent. It was shown this year that the average bonus for a male executive was around £7500, which compares unfavourably with the average for women, which is around £3700. These bonuses were compared between two identical job roles, so it clearly shows that women are worse off in the workplace, especially when it comes to managerial positions.

The Chief Executive of the Institute has stated, “Many businesses are focusing on bringing more women onto their executive boards, but is still clear that there is a significant gap in pay between the two sexes. It is still also the case that there is a significant bias towards men in the leading executive roles of companies, which doesn’t seem to be improving very much year-on-year. It is very important that these biases, and poor management practices are eliminated, and pay gaps are completely reduced.”