Salary survey specialists CELRE and the Chartered Management Institute have released an analysis of CELRE's 2008 National Management Salary Survey which shows that employers are making virtually no progress in closing the equal pay gap.
This may be somewhat poor timing as most economics journalists are understandly finding it hard to concentrate on anything other than the meltdown of major financial institutions at present, but the findings make for depressing reading all the same.
The study reveals that the difference in pay between male and female managers is narrowing so slowly that, at the current rate of progress, it will take 187 years before equality is reached.
The National Management Salary Survey, initially published earlier this year, is based on salary data provided by employers on 40,027 individuals.
Today's analysis also reveals the higher rate of female labour turnover, as more women are made redundant, resign or seek job transfers.
The full text of the release and further information about the survey can be found on the CELRE website. CELRE is a member of the XpertHR Group.
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