Friday, 20 August 2010

Mind the Gap (for the next 57 years)

Oh, the heady days of 1970!
  • Jimi Hendrix, The Who and Emerson Lake and Palmer at the Isle of White Festival
  • Simon and Garfunkel release Bridge over Troubled Water
  • Concord makes its first supersonic flight
  • Paul McCartney announces that the Beatles have disbanded
  • Onboard Apollo 13, Jim Swigert announces "Okay, Houston, we've had a problem here"
How things have moved on.

Or have they? One of the other (apparently) life changing events of 1970 was the passing of the UK Equal Pay Act, which was intended to bring the pay of men and women into line. But it seems that working women who thought they might live to see Britain's pay gap finally close will have to hold out for another 57 years.

According to research published this week by the Chartered Management Institute, at the current rate of progress it will take until 2067 before the gap between men and women managers is eliminated.

Guardian: Equal pay for women not likely till 2067, says research

Women, it seems, have also been harder hit by the recession, with more female workers than men being made redundant in the past 12 months.

On a slightly more positive note, women's salaries increased by 2.8% over the past 12 months, compared with 2.3% for men. But with the average UK salary for a male manager currently £10,031 more than that of a female manager, women face a 57-year wait before their take-home pay is equal to that of their male colleagues. At senior level male pay still outstrips female pay by as much as a staggering 24% . Even at junior level the gap is significant, with male junior executives receiving £1,065 more than their female counterparts.

The CMI is calling for the government to "take greater steps to enforce pay equality by monitoring organisations more closely and naming and shaming those who fail to pay male and female staff fairly" But with only four women in the Cameron/Clegg coalition Cabinet, it's likely that the call will fall on deaf ears.

Incidentally, with women making up only 14% of the total in the coalition Cabinet, this means that Britain lags behind other European countries for the number of women in top political jobs. Spain has 53% women in its Cabinet, while Germany has 37% and France 33%.

So it looks as if the Chartered Management Institute's "Ambitious Women's Toolkit" might be needed in order to fix some of the issues that didn't disapppear when flares went out of fashion!

1 comment:

  1. Oh dear. The other good thing about 1970 was I was born :) Great post!