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Female bosses earn less than male counterparts

By Western Daily Press  |  Posted: August 19, 2014

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Women managers in the West Country are earning 23 per cent less than their male counterparts, making the region one of the worst in the country for gender pay inequalities, a new survey has shown.

A Chartered Management Institute survey of more than 5,000 professional managers in the South West highlighted not only the ongoing gender pay gap between men and women but also further inequalities regarding bonuses.

The data, published by the CMI and salary specialists XpertHR, showed the current gender pay gap for the South West's managers stands at £10,524, with the average salary recorded as £40,311 for men and £29,787 for women.

Nationally female managers are earning only 77 per cent of what men in full-time comparable jobs earn – a 23 per cent gender pay gap.

Analysis of the National Management Salary Survey, which covers 68,000 professionals in the UK, shows the gap is widest between men and women aged between 45 and 60 and stands at £16,680 per year.

The gap is two-fold. Not only is there a salary gap in the South West, but there is also a persistent 'bonus pay gap'.

The average bonus for a female managers in the South West stands at £12,357, while for male managers the average pay-out is £15,298.

Ann Francke, chief executive of CMI, said: "Lower levels of pay for women managers cannot be justified, yet our data shows the pay gap remains a reality for too many women in the South West."

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