Women work 57 days ‘for free’ compared with men
Female employees spend 57 days of a year in effect working for free because of the pay difference between men and women.
A survey in Britain has found that female managers get paid on average £8 524 (R172 000) less a year than their male counterparts on the same level.
The survey found female managers worked for “nothing” for 100 minutes of each day because of the disparities in pay between men and women. This was equivalent to a woman doing unpaid work for an hour and 40 minutes a day, or 57 days a year.
The Independent reports that the pay gap widens even more at senior or director level. Male directors at top UK firms earned on average £138 699, while female directors and executives were paid £123 756 for doing the same job .
Women weren’t only short-changed in terms of annual pay packages, but were also paid less when it came to bonuses. According to the report, male employees earned double the bonuses paid to female workers.
The pay difference increased with age. In the 26-to-35 age group, men were, on average, paid 6% better than women. Among 36- to 45-year-olds, there was a 20% pay gap. In the 46-to60 age bracket, the pay gap was 35%.
The figures were based on the 2015 National Management Salary Survey compiled by the Chartered Management Institute and the firm XpertHR.
– Staff reporter