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Gender pay gap is getting wider
The gender pay gap for ICAEW accountants in business has widened, according to a new survey from the ICAEW and Stott & May.
Although most pronounced with women over 45, the pay gap exists for younger chartered accountants, too. The average salary for male ICAEW qualifieds under 30 is £52,900, with a bonus of £5,900. For females in the same age range the average is £48,700. Their bonus is £3,500 less, coming in at £2,400. That is a gap of £7,700 between the sexes.
Male respondents aged between 46-55 earn a whopping 46% more on average than their female counterparts. Male accountants in this age range take home £146,900 compared with an average £79,700 salary for woman of the same age.
The gender gap even persists when comparing men and women who work part-time. Female chartered accountants earn an average of £44,100 (bonus £2,100) with their male counterparts earning £75,800 (£8,800 bonus).
ICAEW commercial executive director, Sharron Gunn, said: “We need to face the hard truth that there has been desperately slow progress to correct the gender pay gap, given the Equal Pay Act was introduced 45 years ago. While it’s a national trend across all professions, we have a gender pay gap problem in accountancy too.”
• It should also be noted that in 12 months’ time organisations with more than 250 employees will have to report gender pay difference annually or face a fine.
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