Women have received higher salary increases than men for the tenth successive year and are more likely to be given a bonus. However, these growing pay packets are failing to stem the tide of female resignations according to findings from the Chartered Management Institute and Remuneration Economics...
The findings show an average movement in earnings of 6.7 per cent for women and 5.6 per cent for men, in the twelve months to January 2006. It is also the highest movement in earnings for five years.
At director level, the gap is even more pronounced with female earnings increasing by 9.2 per cent, against only 5.8 per cent for their male counterparts. Women in team leadership roles were awarded an increase of 6.6 per cent compared to 5.2 per cent for men.
In real terms this means that female managers earned an average of £43,521 in the year to January 2006. But this is still £5,147 less than the male equivalent of £48,668 – an 11.8 per cent difference. The gap at director level is £40,588, with the average female director earning £164,762. However, in organisations with a turnover of less than £25 million women directors come out on top, earning £127,369 compared to £116,511 for men.
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