It’s been over 40 years since the introduction of the Equal Pay Act, but the latest research from the Chartered Management Institute and XpertHR shows that the average female executive suffers a lifetime earnings gap of £423,390 when compared to a male worker with an identical career path.
News on the nature of the ‘talent pipeline’ is also mixed. The figures show that the percentage of women in the executive workforce now stands at 57%.
However, while at junior level the majority (69%) of executive workers are now female, a much smaller percentage have made it into top roles – just 40% of department heads are female and only one in four chief executives (24%).
For more information on the latest statistics from our gender pay gap research, read the press release.
Women in Management
The Women in Management Network is part of CMI’s support to its female members, and is a national organisation working to address the key issues faced by women managers, and provide opportunities for its members, including its mentoring scheme, Horizons.
Mentoring and coaching has an important role in helping female managers achieve their full potential, and CMI offers a range of support to help get the most from these schemes. We’ve made the resources below free to non-members, to help get you started. Just follow the links and fill out your details.
CMI members also have access to a range of training, materials and events designed to help develop their professional skills. Why not take a look at these free examples of our ‘checklists’, which help tackle common development issues?
Looking to learn from others? Take a look at words of wisdom from high profile CMI members in 'My Best Advice' - and read an exclusive article by Sandi Rhys-Jones OBE, a CMI Companion, on the progress made by women in the engineering and construction sectors.