CMI comments on Equal Pay Day

  • Equal Pay Day falls earlier in the year the higher up the ranks you go
  • Gender pay gap is 27% for managers

2017’s Equal Pay Day falls on 10 November, the date from which women effectively work for free for the rest of the calendar year.

Ann Francke, chief executive of the Chartered Management Institute, said:

Equal Pay Day for all women is 10 November, but falls earlier in the year the higher up the career ladder you go. According to CMI’s research, there’s a 27% gender pay gap among the UK’s 3.3m managers, where men outnumber women three to one. The lack of progress for women into more senior roles is one of the biggest causes of this pay gap. There’s a huge prize for businesses that get this right, because equal representation of men and women could add £150bn to the UK economy in the next 10 years.
Transparency is a great driver for change. We urge the 98% of businesses that have yet to publish their pay gap data under the new government regulations to step up and put plans in place to fix the issue.

For more information on the gender pay gap and the government reporting regulations, visit: www.managers.org.uk/mindthepaygap

- Ends -

Further information:

For further information, interviews or case studies please contact:

Notes to editors

About CMI

The Chartered Management Institute (CMI) is the only chartered professional body for management and leaderships, dedicated to improving managers’ skills and growing the number of qualified managers.

Our professional management qualifications span GCSE to PhD equivalents, including the unique Chartered Manager award, which increases earning potential and improves workplace performance.

CMI has led the way in developing a suite of trailblazing management apprenticeships with a 40-strong group of employers. These start from Level 3 (team leader) and Level 5 (operations manager) through to Chartered Manager Degree Apprenticeship. A Master’s degree-level apprenticeship is in development, giving employers the option to upskill managers of all levels. CMI is a Skills Funding Agency-registered apprentice assessment organisation.

We provide employers and individual managers with access to the latest management thinking and with practical online support that helps them to embrace change, create high-performing teams and keep ahead of the curve.

With a member community of more than 140,000 managers and leaders, we promote high standards of ethical practice through our Professional Code of Conduct, and help managers to build their expertise through online networks, regional events and mentoring opportunities.