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FTSE 100 companies pay females lower than males

FTSE 100 businesses pay females less than males

New research has shown that female directors in the largest UK companies still receive a fraction of what their male counterparts receive.

Data from management consultancy New Street Consulting Group showed that the median wage for FTSE 100 directors is just £ 237,000, which is just over a quarter of the £ 875,900 paid to their male counterparts.

The figures also showed that the gender pay gap in blue-chip companies is far worse than that of the general population, with women earning 15.5% less than men in the broader labor market. According to the study, the large board-level pay gap is mainly due to the fact that the majority of female directors in FTSE 100 companies hold non-executive positions and have lower salaries than senior executives.

In addition, female non-executive directors of FTSE 100 companies received an average salary of £ 104,800 compared to £ 170,400 for men. In terms of the pay gap between male and female executives, women are paid an average of £ 1.5 million and men are paid £ 2.5 million.

Claire Carter, director of the New Street Consulting Group, commented that the number of female directors at FTSE 100 firms has increased dramatically in the past five years, but research shows that “there is much more to be done”.

“It is not enough just to focus on the percentage of female directors when trying to achieve equality,” she said, adding that most companies are pulling out of the “Old Boys Club that Exists at the Top.” wanted to.

“The key to this will be to ensure that women take on more leadership roles and are properly trained and prepared to take on that responsibility. It will be a case of examining whether there are any barriers preventing women from reaching the top of their organization, “Carter said.

The government-sponsored Hampton-Alexander Review, which looked at the representation of women at the top of the business world, found it met the goal of having 33% of board positions in FTSE 100 and FTSE 250 companies by 2020 Women are occupied. Sir Philip Hampton, who chaired the review, praised the progress, but said companies need to recruit and promote women to top management positions “to keep up the changes that have been made”.