Over three-quarters of those with a salary of over £73,000 are men and over half of the workers who earn £17,000 are women.
This was discovered by INvolve, the diversity specialists who found that 77 per cent of people with salaries over £73,000 are men, whilst 56 per cent of women are in the lowest pay bracket of up to £17,000.
This research comes in conjuncture with INvolve’s HERoes Women Role Model Lists, which is supported by Yahoo Finance, and celebrates business people playing a key role in breaking down barriers at work for women; using their positions to keep diversity and inclusion at the top of the agenda. Four British Women are in the top ten of this year’s global HERoes Women Executives Role Model List, they are:
- Ann Cairns, executive vice chairman of Mastercard (at number two)
- June Felix, chief executive officer of IG Group (at number three)
- Rachel Lord, senior managing director, head of Europe, Middle East and Africa (EMEA) BlackRock (at number six)
- Penny James, chief executive officer at the Direct Line Group (at number nine)
It was also found that women spend a longer time in each role at the lower level of the pay scale compared to men. Typically, a woman spends an average of 10 years on a salary of £21,000, compared to a man’s eight years.
Despite the many initiatives to address gender inequality, it’s clear that there is still a shocking lack of women in senior positions which continues to drive a significant gender pay gap.
With the delays to reporting on the gender pay gap this year, coupled with the negative impact of COVID-19 on pay equality, it’s vital that we continue to push for change. That’s why it’s more important than ever that we celebrate those who are taking action globally to drive inclusion for women, and that’s why the HERoes Women Role Model Lists are so important.
We’re delighted to be celebrating another fantastic group of people from across the world who are collectively driving cultural change and creating workplaces where women have an opportunity to succeed and be recognised as equal to men.
INvolve obtained this data with an analysis of 250,000 professionals’ salaries worldwide.