Gender Pay Gap Shaming Corporate Britain

The BBC hit serious criticism last month over its significant gender pay gaps, but that company is not the only one that has issues. The latest report from the High Pay Centre and the Chartered Institute of Personnel and Development shows that FTSE 100 bosses, on average, earned £4.8 million last year, compared to £2.6 million for the handful of females that serve in similar positions in the UKs leading index.

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shareprices.com - Thursday, August 17, 2017

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Alison Cooper of Imperial Brands was the highest paid woman, taking a salary of £5.5 million, up from £3.6 million in 2015. She is one of the top earners, but still makes only around one eight of what Sir Martin Sorrell makes.

The gender pay gap in the FTSE 100 has shrunk over the last year, but there is a serious issue that still needs to be looked at. Is the gap because there are fewer women, so the high paid men skew the average, or is it because women are paid less in general? Is there something that could be done to even the gap, or is it a serious underlying problem?

There are some calls to make a negative bias, temporarily, the fix the problem, and there is still a push for quotas to get more women into leadership positions, but it would take many years to fix the issue as it stands, and there are still general issues with executive renumeration in the FTSE 100 that are being considered, as shareholders revolt against packages being offered to some CEOs.

 

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