Gender equality in the workplace? Not where money is concerned!

Women are still earning less and receiving smaller bonuses

Women are still earning less and receiving smaller bonuses

According to the Chartered Management Institute (CMI), we still have a long way to go before we achieve gender equality in the workplace, where financial rewards are concerned.

In addition to the already existing pay gap between men and women who do the same job, on average, male managers’ bonuses are more than double those of female managers.

The CMI said that last year, the average bonus for female managers was £3,029, while men in similar positions were paid an average bonus of £6,442. These men also already earned salaries that were almost 25% higher than what their female counterparts were being paid.

Read more on the BBC News website.