New Research Suggests Equal Pay Still 98 Years Away
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.
This means that despite female salaries increasing faster than their male equivalents, parity will not be achieved for 98 years.
Responding to the report, CMI’s Director of Policy and Research, Petra Wilton, said: “While CMI is delighted that junior female executives have caught up with males at the same level, 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.
“It is the responsibility of every executive – both female and male, organization and the Government to help bring about change. Diversity shouldn’t be seen as something that has to be accommodated, but something that must be celebrated. Imposing mandatory quotas and forcing organizations to reveal salaries is not the solution. We need the Government to scrutinize organizational pay, demand more transparency from companies on pay bandings and publicly expose organizations found guilty of fueling the gender pay gap. They and employers must ensure that women are nurtured and supported at work, and can access development opportunities to help them on their way to senior management positions. We want to see mentoring and sponsorship programs in more businesses and industries and more female executives pushing their employers to formalize and publicize equal pay and opportunity policies.”