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.
The pay gap between men and women in full-time employment is at less than 10%, for the first time since records began.
According to the Office of National Statistics, the difference between men’s and women’s median hourly full-time pay fell from 10.5% in 2011 to 9.6% in 2012.
A slower rise in male full-time earnings, compared to that of women in full-time jobs, as well as more progressive attitudes among employers and higher aspirations among women, are offered as possible explanation.
However, while the narrowing of the gap is good news, it’s worth noting that the overall pay gap – taking into account both part-time and full-time earnings – is still at a whopping 19.7%.