In the past 30 years, US women have become more educated, outperforming men in university graduation rates. During that time, the disparity between the percentages of women and men working full-time has shrunk considerably too – and yet the pay gap persists, a topic this blog has tackled in the past.
According to a new study by sociologists from Indiana University and Cornell University, one of the biggest contributing factors to the wage gap is the phenomenon of “overworking” – which means working 50 hours a week or more.
First, the good news. The Chartered Management Institute’s yearly salary survey published on Wednesday shows that junior female executives in the UK are earning as much as their male counterparts for the first time in the survey’s 38-year history.
Now, the bad news. Looking at the overall picture of 34,158 executives surveyed (including directors), men continue to be paid almost a third more than women doing the same jobs – and the gap is slightly wider than last year.
Women in the US still earn significantly less than men, even when they work the same number of hours, according to a study released on Thursday by the Center on Education and the Workforce at Georgetown University.
What is the going rate for a FTSE 100 chief executive today?
Angela Ahrendts, chief executive of Burberry, the luxury goods company, has again been in the firing line about her compensation. The furore follows an announcement that the company has offered her 500,000 shares – worth about £7.3m ($11.7m) at the current share price – if she remains in her post until 2016.
Here is a theory. The birth of a daughter will do more to increase the diversity of her chief executive father’s company than any number of research findings or government directives.
Last week, the share price of Burberry, the luxury fashion company, scored a record high, and the company’s market capitalisation exceeded £5bn ($8.3bn), earning Angela Ahrendts, its chief executive, a maximum bonus of £1.8m.
While few could deny Ahrendts is doing a great job – albeit in the super-hot luxury sector, which is tipped this year to achieve double-digit growth – there are still murmurings about compensation.
In a widely read Wall Street Journal blog post, Carrie Lukas, executive director of the Independent Women’s Forum, a radical right-wing US lobby group, argues there is no longer a wage gap between men and women.
Odgers Berndtson, the executive recruitment company, today publishes the results of a survey of more than 100 senior women working in financial services in the City of London.
There was a time when doctors were men and nurses were women. In People at Work, the 1960s Ladybird book series, the nurse was female, and the carmakers, the policeman and the miner male. We can smile at the gender stereotypes from our 21st-century vantage point, but how far have we moved in reality?