Pay 'will be unequal for a century'

  • By Josh Hall
  • 31 August 2011
Pay 'will be unequal for a century'

It will be almost a hundred years before women in management positions receive equal pay.

This is according to a new report from the Chartered Management Institute (CMI), which suggests that female managers are now paid an average of £11,000 less than their male equivalent.

The average male manager now earns £42,441 a year – while a woman doing the same job receives £31,895.

Across all tiers of management the pay gap is now wider than it was during 2010, the figures suggest.

Female managers’ salaries increased at a slightly faster rate than men’s, with junior managers doing particularly well.

But the CMI says that, at the current rate of change, it will take 98 years to close the pay gap.

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