Survey finds female bosses work 57 days unpaid due to gender pay gap

About The Authors

18th September 2015 15:47 - Financial Services

A recent survey by XpertHR has revealed that the average female manager works 57 days per year unpaid, or 100 minutes per day, as a resultSurvey finds female bosses work 57 days unpaid due to gender pay gap of the pay gap between men and women.

The survey, entitled the 2015 National Management Salary Survey, also revealed that the average salary for women managers, across all demographics, is £30,612, whereas the average male in the same role is paid £39,136 per year.

The £8,524 gender pay gap represents an improvement since 2014’s figures, where the gap was £9,069. However, the gap still reflects the fact that women work for 100 minutes unpaid per day, or 57 unpaid days per annum.

hen the researchers investigated the salaries of Senior Managers and Directors, the average pay for a male was £138,699, but £123,756 for women. At all levels, women receive an average bonus of £2,531, whereas men receive an average bonus of £4,898.

As the female demographic got older, the pay gap increased. In the 26 to 35 age group, the men were an average of 6 per cent more than women. Amongst the 36 to 45 year olds, the gap widened to 20 per cent. Within the 46 to 60 age range, the gap increased further to 35 per cent, an equivalent to a female working 681 hours per annum unpaid.

The biggest gap was found in companies with between 250 and 1,000 staff, where the average woman was paid 27 per cent less than men.

The 2015 National Management Salary Survey also revealed that there are more females in junior management; however, they hold just 43 per cent of senior management positions and just 29 per cent of directorships.

Gloria De Piero, Labour’s Shadow minister for Women and Equalities and MP, said of the findings:

“We’ve tolerated this inequality for too long. We’re pleased that the Government has finally accepted Labour’s proposals for pay transparency but it must also ensure that all the information published leads to action.”

Mark Crail, a spokesperson for XpertHR, also said:

“An entire generation has now worked its way through from school leaver to retirement since the first equal pay legislation came into effect in 1970, yet the gender pay gap persists. And many employers still prefer not to know just how bad it is rather than doing something about it.”

Sign up for free insights from your sector…

Antispam code: 14223

Support Us..

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms:

Share this article..

For updated Financial Services insights please follow us on @DJS_Finance or use our RSS feed

Other Financial Services Research Findings

Other Latest Market Research Insights

© DJS Research 2017