Connecting to LinkedIn...

W1siziisijiwmtgvmtavmjivmtmvntivmzqvndi2l3nodxr0zxjzdg9ja18znjqzmdg3njrfms5qcgcixsxbinailcj0ahvtyiisijewmdb4ndawxhuwmdnlil1d

UK senior exec gender pay gap down to 12% since March, research finds

Research by Leathwaite has highlighted the impact equality legislation is having on the gender pay gap for senior executives, with the global gap nearly halving from 17.1% to under nine percent (8.7%).


While the UK is witnessing the largest narrowing of the gap – in the six months from March it fell from 21.5% to 12.2% – executive pay is noticeably more equitable in the US, where the gender gap decreased from 7.9% to 2% during the same period.


The findings have emerged from global analysis of remuneration packages of over 7,700 executives earning over $100,000 conducted by The Pay Index and part of the international human capital  firm Leathwaite.


Before new regulations in the UK were implemented in April – which forces companies with over 250 employees to publish annual gender pay and bonus data – the gap was significantly larger. In the United States, last year’s introduction of legislation in several states which restricts companies from asking prospective employees about their existing pay has effectively given the country a six-month lead in the battle for pay parity.


The companies also analysed trends within ten key industries over the last six months – the key findings included:


- CEO … the gender gap has almost halved. Currently men receive 30.5% more vs March when they were paid 52% more than women

- Legal … the gender gap is falling. Currently men receive 29.1% more vs March when they were paid 35.4% more than women

- Technology … the gender gap has reversed in favour of women. Currently women receive 9.2% more vs March when men were paid 6% more than women

- COO / operations … the gender gap has shrunk and is now almost non-existent. Currently women are paid 0.1 % more vs March when men were paid 11.9% more than women

- Sales, product, marketing and digital … the gender gap has almost halved. Currently men get paid 8.6% more vs March when they were paid 15.5% more than women

- Risk … the gender gap is falling. Currently men get paid 2.1% more vs March when they were paid 4.6% more than women

- Audit … the gender gap has narrowed but still favours women. Currently women receive 16.2% more than men vs March when they were paid 23.7% more than men

- Information security … the gender gap has narrowed but still favours women. They currently receive 11% more vs March when they were paid 13.2% more than men

- Finance, tax & treasury … the gender gap has widened in favour of men. They currently receive 7% more vs March when they were paid 3.1% more than women

- Compliance … the gender gap has narrowed slightly but still favours women. Currently women receive 5% more vs March they were paid 6.6% more than men

- HR … the gender gap is falling, but in a function where there are more women employed than men, currently men receive 14% more vs March when they were paid 18.6% more than women


Photo courtesy of Shutterstock.com

Articles similar to Leathwaite

Articles similar to gender pay gap