Gender Pay Gap Grows For Bosses As Women Make 35% Less Than Men

A Female Boss? You'll Make 35% Less Than Your Male Colleague
|
Open Image Modal
Brigitte Wodicka via Getty Images

The gender pay gap in management is widening, with women in their 40s earning more than a third less than men, according to a new report.

A survey of 68,000 managers across the UK showed an average pay difference of over £9,000, or 23%, which increased as women got older.

The Chartered Management Institute (CMI) said average bonuses for company directors were also lower for women, at just under £42,000, compared with over £53,000 for men,

A woman would have to work over 14 years more - until they were almost 80 - to earn the same as a male manager over a career, said the report.

Ann Francke, chief executive of the CMI, said: "Lower levels of pay for women managers cannot be justified, yet our extensive data shows the pay gap persists, with many women hit by a mid-life pay crisis.

"Women and men should be paid on the basis of their performance in their particular roles, but this is clearly not yet the case for far too many. It's not right that women would have to work until almost 80 for the same pay rewards as men. We have to stamp out cultures that excuse this as the result of time out for motherhood and tackle gender bias in pay policies that put too much emphasis on time served."

The findings come from the latest National Management Salary Survey, published by the CMI, which found that the pay gap between male and female managers of all ages stands at £9,069, with men getting an average salary of £39,461 where women get £30,392.

Mark Crail, of pay specialists XpertHR, which helped with the study, said: "The data shows that women begin to fall behind at the age when they are most likely to be starting a family, and it just gets worse from then on.

"It appears that employers often give up on women in mid-career and are missing out on a huge pool of untapped knowledge, experience and talent."

Shadow minister for women and equalities Gloria De Piero commented: "These figures reveal a depressing picture for women who want to get ahead in their careers.

"We should be closing the pay gap for women at all stages of their working lives but instead we see pay inequality worsening for women managers as they progress and for working women across the country."

Minister for Women and Equalities Nicky Morgan said: "We're committed to delivering a long-term economic plan that works for women. That's why we are giving employees the right to request flexible working as well as introducing shared parental leave, and introducing tax-free childcare - also available for eligible parents who are self-employed.

"We have increased free childcare to 15 hours a week for all three and four-year-olds, and are extending this to the most disadvantaged 40% of two-year-olds. Women can now make the right choice for them on how to balance work and families.

"As a result, we're seeing more women in full-time work than ever before and, although the gender pay gap remains too high, it is narrowing and for full-time workers under 40 is almost zero."

Jobs For The Boys - Women Banned From Professions
Catholic Priests(01 of09)
Open Image Modal
Other Christian denominations, to justify ordaining women, have redefined what it means to be in the priesthood. Not the Catholic Church, who are unlikely any time in the next few decades to make such a doctrinal change. Many argue that the Catholic Church could not remain the Catholic Church if it was to redefine itself in such terms. (credit:Digital Vision. via Getty Images)
Imans(02 of09)
Open Image Modal
In some circles, women are allowed to lead prayers, especially if the congregation consists of family members. There are several women theologians in the Koran. The holy book does not directly address this issue, but several hadiths are interpreting as banning women from being imans. There are no female imans in the UK. (credit:Juanmonino via Getty Images)
Army combat roles(03 of09)
Open Image Modal
This could change soon, after a review due to take place in 2018 was brought forward. Currently women can serve on the front line, but cannot be in roles where the aim is to"close with and kill the enemy". (credit:ASSOCIATED PRESS)
Tank driver(04 of09)
Open Image Modal
Women are still not allowed to drive tanks in the British army (credit:AFP via Getty Images)
Chief Rabbi(05 of09)
Open Image Modal
The chief rabbi is head of modern Orthodox Jews, who make up around 70% of Jews in Britain. They do not have any female rabbis, though Liberal and Reform congregations do. The United Synagogue, the key body for Orthodox Jews in Britain has recently changed the rules to allow women to serve as chairperson of a synagogue, the top lay leadership role. (credit:Studio-Annika via Getty Images)
Be a member of the Bullingdon Club(06 of09)
Open Image Modal
The infamous Oxford University drinking club, which counts David Cameron, George Osborne and Boris Johnson as former members, doesn't allow women. (credit:PETER MACDIARMID via Getty Images)
Be a member of the Travellers Club(07 of09)
Open Image Modal
The club, whose patron is Prince Philip, voted by 60% to 40% in April 2014 to deny women membership. Women are welcome as guests in the Pall Mall club – but cannot go in the smoking room and the cocktail bar. (credit:Google)
But women can join the Augusta Club (just)(08 of09)
Open Image Modal
The golf club's membership policies have drawn criticism, particularly its refusal to admit black members until 1990, a former policy requiring all caddies to be black and its refusal to allow women to join. In August 2012, it admitted its first two female members, one of them was former Secretary of State Condoleezza Rice. (credit:Ezra Shaw via Getty Images)
And women can be submariners (just)(09 of09)
Open Image Modal
In May 2014, three women became submariners for the first time in the navy's 110-year history. A ban on women submariners based on health fears was lifted in 2011. The Royal Navy first allowed women to go to sea in 1990. (credit:PA)