Women bosses still laggging behind men on pay

Frances O'Grady. Picture: Getty

Frances O'Grady. Picture: Getty

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Women bosses are still earning only three-quarters as much as their male colleagues, according to new figures.

The pay gap between male and female managers in Scotland has widened and now stands at £8347 a year.

The average salary of male managers this year was £36,119 but for women it was just £27,772 – a 30 per cent pay difference, according to a study for the Chartered Management Institute.

More than 40 years after the Equal Pay Act was passed, the data shows that discrepancies in salaries widen at the higher echelons of management, with a “midlife pay crisis” particularly hitting female managers aged over 40, who earn 35 per cent less than men.

The study, which examined the pay of 4100 professional workers in Scotland and 68,000 across the UK, shows the gender pay gap is widest between those aged between 45 and 60, and stands at £16,680 per year.

A separate study by the High Pay Centre found top executives are now paid more than 140 times the wages of their average employee.

TUC general secretary Frances O’Grady said: “Top bosses across Britain have been holding down the wages of their staff but they’ve shown no such restraint when it comes to their own pay packets. Unless we get to grips with growing pay inequality, the same old rich elites will hog the benefit of economic growth while millions of working people miss out.”