Gender pay gap at the top - women paid around £12,000 less

Women who hold managerial positions are being paid significantly less than their male counterparts, recent studies have shown. There are 3.3 million managers in the UK, and the gender pay gap for this entire group stands at 26.8%.

This means that when it comes to top positions, the pay gap is significantly higher than at other levels in the corporate ladder. For all workers, the pay gap is at 18.1%.

The latest research was carried out by the Chartered Management Institute (CMI) and XpertHR. In line with new rules, the research now included commissions, bonuses, and allowances such as company cars.

CMI Chief Executive Ann Francke compared a business model that allows this a “glass pyramid”, in which women are confined to junior roles and not permitted to excel to senior positions.

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