Gender Pay Gap Widens for Executives

A survey conducted by XpertHR on behalf of Chartered Management Institute (CMI) has revealed an increase between the amount earned between male and female executives. According to the 2011 National Management Salary Survey, men continue to be paid more on average than women doing the same jobs (£42,441 compared to £31,895), revealing a gender pay gap of £10,546.

Despite the fact that salaries for female executives as a whole are currently increasing faster than those of their male counterparts (female salaries increased by 2.4% during the 12 months between February 2010 to February 2011, a 0.3% higher rate of increase than for male salaries), if male and female salaries continued to increase at current rates, it would be 2109 – 98 years – before the average salary for female executives catches up with that of their male peers.
At £10,546, this year’s pay gap is slightly bigger than the gap of £10,031 which was revealed in the year in the 2010 Salary Survey. Responding to the report, CMI’s Director of Policy and Research, Petra Wilton, said:
“This year’s Salary Survey demonstrates, yet again, that businesses are contributing to the persistent gender pay gap and alienating top female employees by continuing to pay men and women unequally. This kind of bad management is damaging UK businesses and must be addressed”
The survey did reveal encouraging numbers for junior female executives, who are now earning as much as their male counterparts for the first time since its records began. Earning an average salary of £21,969, female junior executives in the UK are currently being paid marginally more (£602) than male executives at the same level, whose average salary is £21,367.


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