FOR THE FIRST TIME: Women earning the same as men

FOR THE FIRST TIME: Women earning the same as men

The CMI today released a report on how female junior executives are earning as much as male counterparts. This is the first such occurrence since the CMI's records began, and shows the average pay for women was £21,969 compared with men at £21,367. The report also reveals female directors are five times more likely to have been made redundant than their male counterparts between February 2010 and February 2011.

About the report, Max Benson, co-founder of everywoman, says:

“This is how it should be, of course. Women should be getting equal pay when they’re doing the same job as men and it is wonderful to see this actually happening. Even if women start at the same pay level at the beginning of their careers, they can’t automatically assume that will be the case as they progress. Will they be on the same rates of pay in the more senior positions when they are outnumbered by men?
 
“There is a degree of responsibility which lies with women in developing themselves and their careers. If you look ahead to where you want to be in 15 years time, it’s essential to start building your networks from day one to help you get there. Find a mentor and build a network of support because these people will be essential in helping women fulfil their career ambitions.”

About everywoman
 
everywoman is an organisation that challenges and changes the mindsets of business to increase the number and raise the status of women in the economic community. Founded in September 1999 by Karen Gill and Maxine Benson, it is the UK's largest female business community with 40,000 members and growing. Through its programme of events, projects such as Modern Muse, training and awards, everywoman offers members support, skills and recognition. Members are supported to clarify their goals; ensure they have the right mindsets to realise them; gain skills to generate long-term success and are recognised for their achievements.
 
Its ambition is to become the world’s largest and most influential female business network, inspiring generations of businesswomen and championing their cause, talents and prospects on a global scale. Karen and Maxine were both awarded the MBE in January 2009 for services to women’s enterprise.
 
For more information, please visit: www.everywoman.com