Women managers received bigger salary increases

Women managers received bigger salary increases than men last year for the 10th successive year but still earned less.

A study by the Chartered Management Institute and Remuneration Economics said that the rises in women's pay had failed to stem a "tide of female resignations", according to a survey of more than 22,000 managers and senior executives.

Women managers on average earned £5,147 year less than their male counterparts while the gap at director level widened to more than £40,588, said the survey.

Women managers and executives were more likely to resign. Female resignation rates increased to 5.7 per cent last year compared with 4 per cent rate for male managers.

Reasons for resignation included uncertainty over company restructuring, office relocations, dissatisfaction with salaries and bonuses and lack of career development or training.

According to the study, average annual earnings for female managers rose by 6.7 per cent in 2005 to £43,521 while the equivalent salary for men increased by 5.6 per cent to £48,668.

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