Male bonuses double those of women, says study
On average women receive less than half the amount of bonus that men do
The pay gap between men and women is exacerbated by bonus payments given to male managers which are on average double those for women, says the Chartered Management Institute (CMI).
Male managers’ average extra payments were £6,442 last year compared with £3,029 for women.The CMI said their salaries were already almost 25% higher than women’s. Its study, of 43,000 managers, showed that men would earn £141,000 more in bonuses over a lifetime.
At more senior levels, the pay gap for both basic pay and bonuses, increased. Women directors’ average bonus is £36,270, while men receive £63,700.
The chief executive of the CMI, Ann Francke, said: “Despite genuine efforts to get more women onto boards, it’s disappointing to find that not only has progress stalled, but women are also losing ground at…
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