- 4 updates
The gender pay gap is narrowing, the Minister for Women and Equalities has said, after a report suggested that women managers were getting £9,000 less than men. Nicky Morgan said:
Pay inequality is worsening for women managers, the shadow minister for women and equalities said, after a new report suggested that women were being paid £9,000 less than men for management positions.
Lower levels of pay for women managers cannot be justified, the chief executive of the Chartered Management Institute has said, after a new report suggested that the pay gap was widening.
The gender pay gap in management is widening, with women in their 40s earning more than a third less than men, according to a new report.
A survey of 68,000 managers across the UK showed an average pay difference of over £9,000, or 23%, which increased as women got older.
The Chartered Management Institute (CMI) said average bonuses for company directors were also lower for women, at just under £42,000, compared with over £53,000 for men.
A woman would have to work over 14 years more - until they were almost 80 - to earn the same as a male manager over a career, said the report.