Male HR managers receive an average £4,469 a year more than their female peers, a gender pay gap of 10%, according to research by the Chartered Management Institute and XpertHR. The average salary of a female manager across all professions is £40,177, compared with £44,646 a year for a man, including bonuses and perks such as car allowance and commission.
The gender pay gap is particularly high for managers in finance (at 33.9%) and low in IT (8.2%). The research also shows that women are far more likely to fill junior management positions than men (66% and 34% respectively) and that, even for those women progressing to more senior roles, the pay gap widens further.
XpertHR content director, Mark Crail, said:
‘Some people have tried to explain the gender pay gap away as being the result of different working hours or individual career choices. But when the analysis is based on the pay of more than 100,000 individuals in well over 400 organisations, it is clear that the pay gap is a very real fact of life for UK managers.’
CMI’s chief executive Ann Francke said:
‘Too many businesses are like “glass pyramids” with women holding the majority of lower-paid junior roles and far fewer reaching the top. We now see those extra perks of senior management roles are creating a gender pay gap wider than previously understood. The picture is worst at the top, with male CEOs cashing-in bonuses six times larger than female counterparts. Our data show we need the Government’s gender pay gap reporting regulations more than ever before. Yet, less than 1% of companies have reported so far. Time for more companies to step up and put plans in place to fix this issue. It’s essential if UK companies are to survive and thrive in the post-Brexit world.’