New figures which detail the rates at which male and female salaries are increasing show that UK businesses are still more than five decades away from paying men and women equally, according to a report published today by the Chartered Management Institute (CMI) and XpertHR.
The 2010 National Management Salary Survey shows that female salaries increased by 2.8 per cent over the last 12 months, compared to 2.3 per cent for men. However, with the average UK salary for a male manager currently £10,071 more than that of a female manager, women face a 57 year wait before their take-home pay is equal to that of their male colleagues. Although this year marks the 40th anniversary of the 1970 Equal Pay Act, data collected from 43,312 individuals in 197 organisations reveals that male pay outstrips female pay by as much as 24% at senior level.
See full Press Release.
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