The 23% gender pay gap
Male managers are 40% more likely than female managers to be promoted into senior roles, and the gender pay gap remains largely unchanged at 23%
Male managers are 40% more likely than female managers to be promoted into senior roles, according to new research by the Chartered Management Institute and XpertHR.
Salary data from more than 60,000 UK employees shows that in the past year, 14% of men in management roles were promoted into higher positions compared to 10% of women.
And the gender pay gap remains largely unchanged at 23%.
Full time male managers can expect to earn £8,964 on average, more than a female manager.
And this gap increases further for those at director and CEO level, with men earning £16,513 on average, more than their female counterparts.
There are also fewer women in executive positions than men. 73% of the workforce in entry and junior level roles is made up with women yet this drops to 42% at senior management level.
From April 2017 the Government will make it compulsory for large companies to report on how much male and female staff are paid.
For CMI’s guidance on preparing for the new rules visit: www.managers.org.uk/mindthepaygap