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By Ali Qassim
Aug. 31—Male managers in the U.K. are 40 percent more likely to be promoted into senior and higher-paying management roles than their female counterparts, according to results from an annual survey.
The different promotion rates of men and women are one of the main causes of the virtually unchanged gender pay gap, according to the latest Gender Salary Survey from the Chartered Management Institute and Xpert HR.
The results come just months before large companies are required to report on their gender pay gap under new rules that come into effect in April 2017.
“Even before the new regulations kick in, employers need to get on board with reporting on their recruitment and promotion policies and how much they pay their men and women,” CMI chief executive Ann Francke said in a statement announcing release of the report.
According to the survey of 60,000 British employees, 14 percent of men in management roles were promoted during the 12 months studied compared to 10 percent of women. Among managers who worked for the same employer during the previous five years, men fared even better, 47 percent receiving promotions compared to 39 percent of women.
The disparity in promotion rates has produced a largely unchanged gender pay gap, which for the last 12 months was 23.1 percent compared to 22.8 percent in 2015.
The average full-time equivalent salary for male managers now stands at just over 38,800 pounds ($51,000), almost 9,000 pounds ($12,000) more than the average female manager’s. The pay gap is even higher for directors and CEOs, among whom men earn an average base salary over 130,000 pounds ($171,000), some 16,500 pounds ($22,000) more than women at the same level.
The survey also revealed a “bonus gap” between the sexes, 43 percent of men receiving an annual bonus in the last year compared to 36 percent of women. The average man’s bonus was almost 5,400 pounds ($7,000) compared to almost 2,800 pounds ($3,700) for women. The gap is even larger at more senior levels, male senior managers receiving an average bonus of about 22,700 pounds (almost $30,000) compared to women’s 13,700 pounds ($18,000).
To contact the reporter on this story: Ali Qassim in London at email@example.com
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An infographic summarizing survey results is available here.
For more information on British HR law and regulation, see the U.K. primer.
Copyright © 2016 The Bureau of National Affairs, Inc. All Rights Reserved.
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