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Article

20 Aug 2013

Author:
James Thompson, Independent (UK)

Men's bonuses more than twice size of women's: Male managers take home £140,000 more in a lifetime [UK]

Men receive bonuses more than twice as large as those of their female counterparts…The “shocking” disparity in bonuses compounds the fact that male salaries are nearly 25 per cent higher than those of females, said the Chartered Management Institute (CMI)…The chasm in bonus payments actually widens the further women advance up the career ladder…Ms Francke [CMI’s chief executive] said: “Despite genuine efforts to get more women on to boards, it’s disappointing to find that not only has progress stalled, but women are also losing ground at senior levels.”…While women stepping off the career ladder to have children is another issue, organisations often do not accommodate their shift in priorities by offering flexible working…Companies, such as the consumer goods giants Unilever and Coca-Cola have increased their proportion of women in senior leadership positions in recent years…