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|CMI comments on the gender pay gap|
|Thursday, 05 January 2017|
In light of the Resolution Foundation’s findings that the gender pay gap has decreased by 5% for women over 20, Ann Francke, Chief Executive of the Chartered Management Institute (CMI) comments on how businesses can achieve gender balance and equality.
Ann Francke, Chief Executive of the Chartered Management Institute, comments: “Gender balance significantly improves productivity and employee engagement, which is why it is encouraging for businesses that the pay gap for women in their 20s is down to 5%. However, the Resolution Foundation research highlights how far UK organisations have to go on equal gender pay because of the worrying gap that persists once women turn 30. Too many organisations still resemble a glass pyramid, with the majority of entry-level roles filled by women and the number of women reducing the higher up you go.
“CMI’s long-running research shows that men are also 40% more likely than women to be promoted in management roles. A combination of transparency and targets will help employers become more aware of their own glass pyramid and encourage them to do something about it. Through our CMI Women campaign we’re working with employers to use best practice and the regulations as a launch pad to achieve gender balance in their teams to drive productivity.”
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