Female managers over 40 paid 35% less than male peers, finds survey
Less than four weeks after ONS data revealed the gender pay gap stood at 9.4%, research from the Chartered Management Institute (CMI) shows the gap widens as women rise up through the ranks.
The research found that for women over the age of 40, and in management roles, pay is a staggering 35 per cent lower than for men in comparable jobs. Once women are in their 60s, the pay gap widens further still, to 38%.
The disparity was highlighted yesterday, when Anne Francke, CMI chief executive, presented evidence to the select committee on gender equality. MPs on the committee are looking at how recommendations by Lord Davies to have 33% of boardroom posts held by women can be implemented.
Speaking to the committee, she said: “Anyone who thinks they’ve abolished the glass ceiling just by hitting Lord Davies’ targets is misguided. Equality and fair progression means much more than having the same number of men and women on boards.” She added: “Female managers face what I believe is a ‘glass pyramid’. The walls close in with every step up, and women are likely to slip down the pecking order when it comes to pay.”