MIND THE GENDER PAY GAP. Women in management now earn £12,000 less than men, with the biggest difference at director level.
2017 pay data analysed under the new government reporting regulations reveal that the gender pay gap for UK managers is bigger than previously understood.
THE PAY GAP IS
£31,637 £43,243 Average women’s total pay Average men’s total pay
THE GROWING DIVIDE
The reporting regulations now Under this measurement, include salary and bonuses, the 2017 gender pay gap for the UK’s as well as perks including car 3.3m managers is nearly allowance and commission. £3,000 higher compared to 2016, which only took into account salaries.
£8,964 £11,606 PERKS PERKS
2016 2017
For more information go to www.managers.org.uk/mindthepaygap and join the conversation @cmi_managers #MindThePayGap
September 2017 FEW WOMEN REACH THE TOP
Women don’t just face a glass ceiling – it’s a ‘glass pyramid’, with wider pay gaps for women the higher they reach.
DIRECTORS 19% 26% 74% £34,144 GENDER PAY GAP* SENIOR MANAGERS 18% 36% 64% £19,852
MIDDLE MANAGERS 10% 40% 60% £6,341
PROFESSIONAL 11% REPRESENTATION 50% 50% £4,364
ENTRY LEVEL / JUNIOR 4% 66% 34% £960
*Because the pay gap between men and women at senior levels is far bigger than junior levels in real terms (not just percentage terms), it drives up the overall average to 26.8%.
INCREASE IN PAY AND BONUSES
Male managers got bigger pay rises Executive rewards are than women in the last year. not shared equally.
The gender bonus gap for CEOs is 83%
3.7% 5.8% 3.5% 3.7% £14,945 £89,230 Directors Managers Average bonus
“Too many businesses are like ‘glass pyramids’ with “Some people have tried to explain the gender pay women holding the majority of lower-paid junior roles gap away as being the result of different working and far fewer reaching the top. We now see those hours or individual career choices. But when the extra perks of senior management roles are creating analysis is based on the pay of more than 100,000 a gender pay gap wider than previously understood. individuals in well over 400 organisations, it is clear The picture is worst at the top, with male CEOs that the pay gap is a very real fact of life for UK cashing-in bonuses six times larger than female managers.” counterparts.”
Ann Francke, CEO, CMI Mark Crail, Content Director, XpertHR 5895 09/17 For more information go to www.managers.org.uk/mindthepaygap and join the conversation @cmi_managers #MindThePayGap
September 2017