Wednesday, August 31, 2011

Executive pay for women - Hundred years' war?

Women managers already more than £10k behind men doing the same job and may not get parity till 2109, according to CMI
WILL it be a century before female managers in Britain earn the same as men? That is the claim today from the Chartered Management Institute (CMI). It has released the results of a survey, which shows that male executives earn, on average, over £10,500 more than their female counterparts for doing the same job—£42,441 compared with £31,895. Women’s salaries may be rising faster than men’s (2.4% in 2010 compared with 0.3%) but even so, says CMI, at those rates it will take 98 years for women to catch up—thus giving the headline-writer an irresistible angle.

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