Female resignations increase despite better pay

According to a new survey by the Chartered Management Institute, women have received higher salary increases than men for the tenth consecutive year, but increased pay is being met by increasing levels of female resignations.

Furthermore, women have also enjoyed the highest movement in earnings since 2002. But despite all of this, the average female manager still earns £5,000 less than her male counterpart each year.

From a survey of 22,480 individuals, the key findings include:

- money movement: an average earnings increase of 6.7 per cent for women, compared to 5.6 for men. Female directors, with a 9.2 per cent increase are doing even better.

- size matters: women appear to earn more than men in smaller organisations, where female directors' average earnings are £121,814 compared to £116,962 for men and female function heads earn £75,532 compared to £65,692 for men

- bonus bonanzas: with 71 per cent of women earning a bonus, compared to only 58 per cent of men. This is at a time when the overall payment of bonuses, at 79 per cent, is at its highest since 2002.

- rising resignations: but despite all of these positive signs, women are more likely to resign than men. Female resignation rates stand at 5.7, compared to 4 per cent for men. Female resignation rates are also up from 3.9 per cent last year.

For more details see a press release here.

No comments: