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Posted by on in Sex Discrimination
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Gender pay gap still evident for executives

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.

 

The figures show that, for the first time since records began, females executives at a junior level are earning as much as their male counterparts, however this is not the case at other levels. Data shows that for executives across all seniority levels, 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.

 

Responding to the report, CMI’s Director of Policy and Research, Petra Wilton, said:

 

“It is the responsibility of every executive – both female and male, organisation 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 organisations to reveal salaries is not the solution. We need the Government to scrutinise organisational pay, demand more transparency from companies on pay bandings and publicly expose organisations found guilty of fuelling the gender pay gap.”

 

The research also reveals that redundancy hit men and women equally hard between February 2010 and February 2011, with 2.2% of male executives and the same percentage of female executives losing their jobs. For female executives, this is an encouraging shift from last year when 3% of men were made redundant compared to 4.5% of women.

 

At function head level, however, women are almost twice as likely as men to have been made redundant (2.7% of male function heads were made redundant compared to 4.9% of female function heads), while almost five times as many female directors as male directors lost their jobs (0.6% of men compared to 2.9% of women).

 

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