Men in UK management roles earn average bonuses twice as big as their female colleagues, a report has revealed.
Last year, men took home average bonuses of £6,442 compared with £3,029 for women.
The study of 43,000 managers by the Chartered Management Institute (CMI) highlighted that men’s salaries were 25% higher than women’s salaries.
CMI said that male managers are expected to earn over £141,000 more in bonuses than their female counterparts.
The study also showed that the gap widened further up the corporate chain. Female directors at senior levels earned an average bonus of £36,270, while men are given £63,700.
The chief executive of the CMI, Ann Francke, said: “Despite genuine efforts to get more women onto boards, it’s disappointing to find that not only has progress stalled, but women are also losing ground at senior levels.
“Women are the majority of the workforce at entry level but still lose out on top positions and top pay. The time has come to tackle this situation more systemically.”
- Try our free newsletter
- Follow us @londonlovesbiz
- The LondonlovesTalent Awards: ENTRIES NOW OPEN
You need to read:
More women and first-timers join FTSE boardrooms
Britain’s boardroom bonanza? Top chief executives see 10% pay rise
Leave a Comment