Lack of promotion explains gender pay gap – Chartered Management Institute and XpertHR

Male managers are 40% more likely than their female colleagues to be promoted into higher roles, according to data from the Chartered Management Institute (CMI) and XpertHR. Analysis of salary data covering more than 60,000 UK employees finds that 14% of men in management were promoted into higher positions compared to 10% of women.

• The difference in the rate of promotion is one of the main causes of the gender pay gap, which remained largely unchanged in 2016 at 23.1% compared to 22.8% in 2015.
• The average full-time salary for male managers stands at £38,817, almost £9,000 higher than the average for female managers.
• The pay gap is even higher for those in the most senior roles of director and CEO, with men on an average basic salary of £131,673 – £16,513 more than the average for women at the same level.

Ann Francke, Chief Executive of the CMI, says:

‘Promoting men ahead of women is keeping us all back . . . Even before the new regulations kick in, employers need to get on board with reporting on their recruitment and promotion policies and how much they pay their men and women. Transparency and targets are what we need to deal with stubborn problems like the gender pay gap.’

For more information, please visit: www.managers.org.uk/mindthepaygap