If the average woman was paid the same annual salary as she gets now, but at the same rate the average man is paid, she'd effectively have stopped earning money on Tuesday, despite the fact there’s nearly a sixth of the year still to goTo mark the occasion, women’s pressure group the Fawcett Society has produced a report calling on the Government to do more to encourage equal pay.
And how does Management Today respond? With the decisive and courageous verdict of :
But as ever, the issue is far from straightforward…Let's remind ourselves of some of the facts on equality of pay between men and women.
- Men earn an average of £16.07 per hour, women earn merely £13.43 – a difference of 16.4%.
- In some sectors, notably air transport, financial services and textile manufacturing, the pay gap between men and women is even wider.
- Despite the passing of the 1970 UK Equal Pay Act, which was intended to bring the pay of men and women into line at the current rate of progress it will take until 2067 before the gap between men and women managers is eliminated.
- The average UK salary for a male manager is currently £10,031 more than that of a female manager.
- At senior level male, pay outstrips female pay by as much as 24%.
- Even at junior level the gap is significant, with male junior executives receiving £1,065 more than their female counterparts.
- But it’s not necessarily that easy.
- Figures are invariably skewed by women who choose to take time out to have children
- Women may earn less than their male contemporaries because they have less experience.
- ... even if the figures are correct ...
- Many businesses simply don’t have the funds at the moment to up pay rates.
If businesses started raising wages for women, the likelihood is that more jobs would be lost.That's OK then. No argument. We'll just carry on with the inequality. We've done it for so long it would be a shame to change, wouldn't it?




