While women are enjoying faster career progression than their male colleagues, this is not being matched by their remuneration, and there is evidence efforts to redress the pay gap are beginning to stall, a survey by the Chartered Management Institute (CMI) and Remuneration Economics has found.
Women are achieving director roles quicker than men: at 44 years old, the average female director is achieving this role four years earlier than her male counterpart. The average age of a female department head is 40, compared to 43 for men; and the average female team leader is 37, five years younger than her male opposite.
Women are also taking home more bonuses than men, with 63.4% of women receiving one-off payments, compared to 55.9% of men.
However, bonuses are only worth 10.2% of female income, and a 5.2% increase in female earnings represents their lowest movement since 2004. What is more, over the same period men experienced a 5.4% increase - the first time in 11 years that male earnings have grown at a faster rate.
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