• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Sponsor/Partner
  • Online Promotions

promotes diversity, champions female talent

  • Home
  • About
    • WiC Team
    • Volunteer Hospitality Team
    • Charitable Commitment
  • Knowledge Bank
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017 and earlier
    • City of London Fact Sheet
    • First British Women
  • Reach our Community
    • Jobs Board
    • Sponsor/Partner
    • Online Promotions
    • Case Studies
    • Metrics
    • Media Pack
  • Awards Programme
    • Future Leaders Award (2010-17)
    • Woman of Achievement Award (2007-15)
  • Contact us
  • Media Comment

Women in 40s earning 34% less than men

20 August, 2014 By WiC

Being a women costs 14 more years at work

New salary figures show that a ‘mid-life pay crisis’ is hitting female managers, with women aged 40-plus earning 34% less than men. To earn the same as a male manager over a career, a woman would have to work the equivalent of over 14 years more – which, based on a pension age of 65, would mean working until nearly 80.

The staggering figures are among those revealed in the CMI’s latest annual data on the gender pay gap, published in partnership with salary specialists, XpertHR. The survey, which covers over 68,000 professional UK workers, identifies a gender pay gap that hits professional women hardest in the second half of their working lives.

The monetary value of the pay gap between men and women aged between 45 and 60 stands at £16,680 per year – and across all age bands, the average gap is 23%, or £9,069 per year.

“This means women are earning only three-quarters (77%) of what men in full-time comparable jobs earn,” the CMI said. “Yet the gap is far worse for women aged 40-plus, where the problem is twofold. Not only does the salary gap increase with age and seniority, but there is also a persistent “bonus pay gap”. The average bonus for a female director stands at £41,956, while for male directors the average payout is £53,010.”

Download infographic

Read other key gender diversity reports

 

Tweet

Share this:

  • Twitter
  • LinkedIn
  • Pocket
  • WhatsApp
  • Facebook
  • Email
  • Print

Related

Filed Under: Diversity

Primary Sidebar

visit our career website

Discover how to ensure your financial future

Sexual Harassment advice line

Reach our Community

There are various ways to reach our highly engaged and targeted community.

Promote your product or service with a dedicated solus e-blast

Got a job vacancy?
Why not promote it on our Jobs Board?

Brand Partners support WiC throughout the year and enjoy a range of special privileges.

get healthy in the city

busines healthy in the City

Sign up to the Tech Charter

vIEW fINANCE CHARTER SIGNATORIES

get active in the city

Go on – shop!

Footer

Video Highlights

  • FL Award Launch 2016
  • Strictly Democracy 2014
  • Importance of Networking 2014
  • Abseil Lloyds Building 2014
  • Lunch 2013
  • Women in Leadership 2013
  • Tea with a Twist 2013
  • Lunch 2012
  • Celebration Evening 2012

Legal

  • Statutory Information
  • Terms and Conditions
  • Privacy Statement
  • CSR Policy
  • Social Media Policy
  • Data Protection Policy

Copyright © 2022 · Networking Culture Limited / Women in the City