By Ellizabeth Parkin
Data published recently by the Chartered Management Institute (CMI) has revealed that on average last year men in management positions received bonuses which were twice as high as those paid out to female managers.
The disparity widens as women progress further up the ladder, with male directors receiving average bonuses 76 per cent higher than their female counterparts. CMI’s report is based on information from more than 43,000 workers, which showed that during their working life, male managers stood to earn more than £141,000 more in bonuses than women.
Given the rhetoric by the government in the past few years about women on company boards and in senior positions, the extent of the pay gap is quite shocking…
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