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Women in their 50s earn nearly a fifth less than men of the same age - the widest gender pay gap of any age group - according to a recently published TUC analysis.

Larger companies are narrowing the gap with small and medium sized firms (SMEs) in terms of the number of companies that have a female director, according to Experian’s BusinessIQ analysis.

Gender pay gap falls

Posted by on in Sex Discrimination

The gender pay gap fell to 9.6% in April 2012, according to new figures from the Annual Survey of Hours and Earnings (ASHE).

According to a report released by Credit Suisse Research Institute, companies with at least one woman on the board have outperformed in terms of share price performance those with no women on the board over the course of the past six years. Companies with at least one woman on the board also exhibit higher return on equity, lower leverage and higher valuations.

The House of Lords EU Sub Committee on Internal Market, Infrastructure and Employment has launched a new inquiry to investigate the case for diversity on boards.

The European Parliament has called on the European Commission to take more action to close the gender pay gap.

In March this year, European Union Justice Commissioner Viviane Reding launched a consultation seeking views on action at an EU-level to increase the number of women on the boards of companies, including legislative measures such as introducing quotas.

A new report from the European Commission has said that the EU must improve equality between men and women if it is respond effectively to the current economic crisis.

A European Commission (EC) report has shown that limited progress towards increasing the number of women on company boards has been achieved one year after EU Justice Commissioner Viviane Reding called for credible self-regulatory measures.

Despite commitment from the EU to improve the number of women on executive boards, data issued by Mercer has shown that women continue to be under-represented in senior executive and management positions across Europe.

Gender pay gap falls

Posted by on in Sex Discrimination

The gender pay gap has fallen below 10% for the first time, according to data published by the Office for National Statistics. Standing at 10.1% in April 2010, the gap between men’s and women’s median full-time hourly earnings excluding overtime was down to 9.1% in April 2011.

Lord Davies' newly published Women on Boards review finds that progress has been made, but challenges more firms to set out their plans to increase female representation at senior levels.

 

Recent research has found that UK employees want their organisations to employ more female managers.

Gender equality reporting

Posted by on in Sex Discrimination

The Government has launched its new framework for voluntary equality reporting, which is aimed at improving transparency on workplace gender equality issues in the private and voluntary sector.

Recent research published by the Chartered Management Institute (CMI) has shown that there is still a significant gender pay gap between male and female executives across the UK.

A recent study investigating the opinions of employers with regard to maternity leave has found that almost two-thirds of employers do not expect their employees to return to work after taking maternity leave. Almost half of these employers base this opinion on 'previous experience.'

A new report from the Equality and Human Rights Commission (EHRC) shows a continuing trend of women being passed over for top jobs in Britain. More than 5,400 women are missing from Britain’s 26,000 most powerful posts.

New research has revealed that women are increasingly breaking through the ‘glass ceiling’ and have increasing employment opportunities, particularly in terms of career advancement and remuneration. However, it warns that barriers still remain.

The Financial Reporting Council (FRC) has begun consultation on whether the UK Corporate Governance Code should be revised to require listed companies to publish their policy on gender diversity in the boardroom and report against it annually. This was a recommendation in Lord Davies’ report, “Women on Boards”, which was published in February.

Leading business women from the UK, New York and Hong Kong agree that it is the job of the business community to do more to attract women to top jobs, a survey for HSBC bank has shown.

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