The gender pay gap isn’t isolated to the United States. According to a study by the Chartered Management Institute (CMI), if current salary trends continue, it will take another 57 years for the gender pay gap to close in the United Kingdom. In other words, another half century will go by before men and women will earn the same wages for doing the same work.
The Chartered Management Institute also learned in its recent study that female managers’ salaries did increase by 2.8% in the past 12 months (compared to 2.3% for men). However, those same female managers still earned an average of nearly $16,000 less than their male counterparts. That pay gap isn’t isolated to management positions. While the gap might vary a bit at different levels on the corporate ladder, it still exists. For example, the gap is smaller among junior management workers, but it’s even higher (24% gap) at the executive level.
Interestingly, it has been forty years since the Equal Pay Act was passed in the United Kingdom. However, it appears that it will take a full eighty years, nearly a century, for equal pay to actually become a reality.
Susan Gunelius
Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 30-year veteran of the marketing field and has authored a dozen books about marketing, branding, and social media, including the highly popular Ultimate Guide to Email Marketing, 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics. She holds an MBA in Management and Strategy and a Bachelor of Science degree in Marketing and is a Certified Professional Career Coach (CPCC).
Follow Me:
