THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Insight: new research reveals significant gender pay gap for retail managers

New ways of measuring how much men and women are paid under Government reporting requirements have shown that the gender pay gap in the retail sector… View Article

GENERAL MERCHANDISE NEWS

Insight: new research reveals significant gender pay gap for retail managers

New ways of measuring how much men and women are paid under Government reporting requirements have shown that the gender pay gap in the retail sector is currently 19.4%.

When conducting research on managers’ salaries, the Chartered Management Institute and XpertHR found that male managers in retail earn an average of £4,315 more than their female peers. While the average salary of a female manager stands at £17,937, this increases to £22,252 for men. This includes salary and bonuses, as well as perks such as car allowance and commission.

However, the study found that the gap is still considerably lower than across UK business as a whole where the average male manager earns 26.8% more than female colleagues.

This is the first time that pay gap data, compiled by XpertHR, has been published taking into account the new rules. The figures are based on analysis of salary data of 118,385 managers from 423 organisations over the past year.

CMI’s chief executive Ann Francke said: “Too many businesses are like ‘glass pyramids’ with women holding the majority of lower-paid junior roles and far fewer reaching the top. We now see those extra perks of senior management roles are creating a gender pay gap wider than previously understood. The picture is worst at the top, with male CEOs cashing-in bonuses six times larger than female counterparts’.

“Our data show we need the Government’s gender pay gap reporting regulations more than ever before. Yet, less than one per cent of companies have reported so far. Time for more companies to step up and put plans in place to fix this issue. It’s essential if UK companies are to survive and thrive in the post-Brexit world.”

 

Subscribe For Retail News