New research finds British female bosses work two hours unpaid daily
- 27th August 2015
- Women in Business
The Chartered Management Institute (CMI) has published research that reveals that female bosses in the UK work for almost two hours a day unpaid.
The findings come to light when salaries are compared to their male counterparts and adds up to 57 days every year.
The study found that the average pay for female managers is £30,612, but for male managers it is £39,136. The gap of 22% is across all ages, while across workers at all levels the gap is 19.1%.
CMI chief Ann Francke has supported calls for businesses to publish gender pay gap data.
In the accountancy sector, Big 4 firms are taking the lead, with PWC having already done so by reporting a 15.1% figure last November, and Deloitte recently following suit by revealing a pay gap of 17.8%.
Although equal pay for the sexes is supposed to be enshrined in UK law, which states women and men, who hold identical jobs, are to be paid equally by their employers, the gender pay gap is a slightly different metric.
With gender discrimination being illegal, the pay gap is actually an indicator for the number of women achieving higher positions in comparison to men. It highlights the fact that women make up 67% of entry-level management roles but only 29% of directors.
Although it is a simple difference, equal pay and the gender gap are a confused issue and the increased pressure from bodies such as the CMI can only help to improve the situation.
Anne-Marie Martin currently holds the position of Director of Global Business Networks at the British Chambers of Commerce. In the…
Innovate UK is now searching for inspirational businesswomen to participate in the Women in Innovation Awards 2018. The innovation agency,…
PwC is launching a scale-up programme that aims to boost commercial opportunities for female-led businesses. The Big Four accountancy firm…