Impakter
  • News
    • Culture
      • Art
      • Cinema
      • Entertainment
      • Literature
      • Music
      • Photography
    • Style
      • Architecture
      • Design
      • Fashion
      • Foodscape
      • Lifestyle
    • Society
      • Business
      • Foreign Affairs & Politics
      • Health
      • Tech
      • Science
      • Start-up
    • Impact
      • Environment
      • Eco Life
      • Circular Economy
      • COP26
      • CityLife
        • Copenhagen
        • San Francisco
        • Seattle
        • Sydney
      • Sustainability Series
        • SDGs Series
        • Shape Your Future
        • 2030: Dream or Reality
      • Philanthropy
        • United Nations
        • NGO & Charities
        • Essays
  • Sustainability Index
  • Partners
  • About
    • Team
    • Contributors
    • Global Leaders
    • Write for Impakter
      • Republishing Content
      • Permissions and Copyright
      • Privacy Policy
    • Contact
No Result
View All Result
  • News
    • Culture
      • Art
      • Cinema
      • Entertainment
      • Literature
      • Music
      • Photography
    • Style
      • Architecture
      • Design
      • Fashion
      • Foodscape
      • Lifestyle
    • Society
      • Business
      • Foreign Affairs & Politics
      • Health
      • Tech
      • Science
      • Start-up
    • Impact
      • Environment
      • Eco Life
      • Circular Economy
      • COP26
      • CityLife
        • Copenhagen
        • San Francisco
        • Seattle
        • Sydney
      • Sustainability Series
        • SDGs Series
        • Shape Your Future
        • 2030: Dream or Reality
      • Philanthropy
        • United Nations
        • NGO & Charities
        • Essays
  • Sustainability Index
  • Partners
  • About
    • Team
    • Contributors
    • Global Leaders
    • Write for Impakter
      • Republishing Content
      • Permissions and Copyright
      • Privacy Policy
    • Contact
No Result
View All Result
Impakter
No Result
View All Result
Home Equal Rights

UK Gender Disparity Continues

Female Directors Paid 73% Less Than Men

byAriana Hashtrudi
August 23, 2021
in Equal Rights, Society
Share on FacebookShare on Twitter

The UK’s biggest companies are facing greater gender income inequality compared to the overall population, a new report shows. According to recent data from the leadership consulting and talent solutions provider, New Street Consulting Group, women who are directors of the largest UK companies receive an income that is merely a fraction of that of males.

Female Directors for the FTSE 100 companies have an average income of “£237,000,” which is just over a quarter of the male counterpart, who are paid “£875,900.”

These companies are defined as the Financial Times Stock Exchange’s index for the 100 most successful companies in market capitalisation within the London stock exchange. And with the figures showing that men earn 73% more than women, it is revealed that well-established and financially strong companies are particularly more likely to engage in gender discrimination regarding the pay gap, far more than that which prevails among the general population. In this regard, the Office for National Statistics reported in 2020 that women earn 15.5% less than men within the wider spectrum of employment.

The significant financial gap is largely caused by the fact that most female directors at FTSE 100 companies work in “non-executive” roles, which reportedly give lower incomes than the executive counterpart.  

Claire Carter, a director from New Street Consulting Group, said that although “great progress has been made in bringing more women on to boards,” the data indicated that the progress is incomplete.

“Focusing solely on the percentages of directors that are women is not enough when trying to approach equality,” Carter added. 


Related Articles: Becoming Better Mentors to Eliminate the Gender Gap in STEM | Is Gender Equality a Numbers Game?

The Hampton-Alexander review, which was completed in February 2021, was an initiative aiming to increase female roles in senior leadership. According to The Guardian, the review reached its goal of having 33% of FTSE 100 and FTSE 250 (Index for the 101st to 350th most successful companies in market capitalisation) firm board positions carried by women for 2020. The Financial Times reports that in January 2021, 34.3% of these board positions within FTSE 350 were taken by women, which is a 21.9% increase since October 2015.

The chair of the review, Sir Philip Hampton, applauded this improvement but said it is necessary that businesses appoint and promote women to high-ranking executive roles “to sustain the changes made.”

Carter said the majority of businesses wanted to stop the “old boys club that exists at the top,” adding:

“The key to doing that will be ensuring that women have more executive responsibilities and are trained and prepared properly for taking on that responsibility. It will be a case of their examining whether there are any barriers that are preventing females from reaching the very top at their organisation.”

The business management consultancy also found that male non-executive directors at FTSE 100 firms earn an average of £170, 400 – still considerably more than the female equivalent that only earns £104, 800. 

Executive directors face an even bigger disparity between incomes, as women in these roles earn £1.5 million on average, whilst men earn £2.5 million.

Thus, whilst it is evident that there is less inequality between male and female non-executive directors than in the recent past, it is nevertheless still an issue, and as women enter higher positions, the gender pay gap becomes ever more apparent.


Editor’s Note: The opinions expressed here by Impakter.com columnists are their own, not those of Impakter.com.— In the Featured Photo: A person working on a Laptop. Featured Photo Credit: Mimi Thian

 

 

Tags: Gender equalityUnited Kingdom
Previous Post

Human Rights and Religion in Afghanistan and Haiti

Next Post

Afghanistan: Evacuation At Risk

Ariana Hashtrudi

Ariana Hashtrudi

Ariana is an Editorial intern at Impakter, currently studying BA Journalism at Goldsmiths, University of London. Born and raised in Greater London, she has written for two local news websites and hopes to study International Journalism for her Master’s.

Related Posts

plastic pollution
Start-up

Circular Plastic Economies: A Startup’s Solution to Marine Pollution

November 28, 2023
Climate change economy
Climate Change

‘Lost GDP’: What Is the Economic Cost of Climate Change?

November 28, 2023
Denmark’s PFAS Ban: A Landmark Decision for a Healthier Future
Politics & Foreign Affairs

Denmark’s PFAS Ban: A Landmark Decision for a Healthier Future

November 28, 2023
Next Post
Afghanistan: Evacuation At Risk

Afghanistan: Evacuation At Risk

Recent News

COP28

COP28 Must Be the COP of Climate Credibility

November 29, 2023
plastic pollution

Circular Plastic Economies: A Startup’s Solution to Marine Pollution

November 28, 2023
Climate change economy

‘Lost GDP’: What Is the Economic Cost of Climate Change?

November 28, 2023

Impakter informs you through the eco news site and empowers your sustainable lifestyle with its eco products marketplace.

Visit here IMPAKTER ECO for your eco products needs.

Registered Office Address

32 Lots Road, London
SW10 0QJ, United Kingdom


IMPAKTER Limited

Company number: 10806931

Impakter is a publication that is identified by the following International Standard Serial Number (ISSN) is the following 2515-9569 (Printed) and 2515-9577 (online – Website).


Office Hours - Monday to Friday

9.30am - 5.00pm CEST


Email

stories [at] impakter.com

Playwire

Advertise on this site.

About Us

  • Team
  • Contributors
  • Privacy Policy
  • Contact
  • Partners

By Audience

  • Lifestyle
  • Green Finance
  • Culture
  • Society
  • Style
  • Impact

Impakter Platforms

  • Media
  • Index

© 2023 IMPAKTER. All rights reserved.

No Result
View All Result
  • News
    • Culture
    • Style
    • Society
    • Impact
  • Sustainability Index
  • About
    • Team
    • Partners
    • Contact
    • Privacy Policy

© 2023 IMPAKTER. All rights reserved.