Women working as executive directors at U.K. FTSE 100 companies are being paid 40% less a year on average, according to research.
Female FTSE 100 executive directors are typically being paid £1.5 million each year, while their male counterparts are taking home £2.5 million on average.
Female executive directors at a U.K. blue-chip company are typically being paid £1.5 million each year, while their male counterparts are taking home £2.5 million on average, according toThe business management consultancy's research also found that female non-executive directors working atcompanies were typically being paid £104,800 a year, compared to £170,400 for men in those roles, representing a 38% pay gap.
When looking at overall average director pay, New Street Consulting Group found FTSE 100 female directors were typically taking home £237,000 year, 73% less than the £875,900 men on boards were being paid annually. The firm pointed out that this worked out far worse than the average pay gap of 15.5% for the broader U.K. jobs market, according to data from the Office for National Statistics.
New Street also said its research suggested that female directors were not only losing out on higher-paying jobs on boards but also on the responsibility and authority that comes with holding an executive position.
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