By Jonathan Davies
Campaigns to improve gender equality in business have increased in awareness over the past few years.
The gap in pay between men and women has been a particularly potent debate. But how much does it cost women to be in a managerial position in Wales?
The answer is £3,771, according to the Chartered Management Institute (CMI).
The CMI said the average salary of a male manager in Wales is £30,387, £3,771 more than the average salary of £26,616 earned by female managers in Wales.
The annual National Management Salary Survey showed that female managers across the whole of the UK earn 77% less than their male counterparts.
There is also a gap in bonuses paid to male and female managers. On average, male managers in Wales are give bonuses of £2,223, whereas female managers only receive £1,993.
The research unveiled a shocking statistic that the widest gap between male and female managers in Wales is seen in the 45-60 age category, where men earn £16,680 more.
Ann Francke, chief executive of CMI, said: “Lower levels of pay for women managers cannot be justified yet our extensive data shows the pay gap remains a reality for too many women in Wales.
“Women and men should be paid on the basis of their performance in their particular roles but this is clearly not yet the case for far too many.
“We have to stamp out cultures that excuse this as the result of time out for motherhood and tackle gender bias in pay policies that put too much emphasis on time served.”
Welsh Conservative Shadow Equalities Minister Mohammad Asghar said: “There is absolutely no excuse for gender pay gaps and the scale of difference in these figures is shocking. It’s got to end and the problem of gender segregation in the workplace must be eliminated for good.
“The UK Government recently introduced equal pay audits and I strongly urge the Labour government to put equal importance on the problem of [the] gender pay gap.”
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