Partner Article

Top women still trailing in pay stakes

The difference in pay between male and female directors is now 22%, according to a survey for the Institute of Directors (IoD). The biggest gaps are in the service and voluntary sectors where men get paid as much as 26% more than their female counterparts.

This means that an average director’s salary within the service sector is £56,933 for a woman and £70,657 for a man. The public sector has the smallest gap of 5%.

On the plus side, the financial services sector has seen an improvement again this year. The pay gap there is now 9% compared with 14% in last year’s survey and 35% two years ago.

Miles Templeman, IoD Director General, said: “It is extremely disappointing that this year the survey shows that the gender pay gap is 22%. Unless we can achieve equality of opportunity in the near future, we will inevitably face further regulation in this area. “It is wholly unacceptable in this day and age that it appears that women in comparable positions do not receive the same rewards as their male counterparts.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .