Article Review: Women executives could wait 98 years for equal pay, says report

The article examines the role of women in the workplace in higher level positions and looks at the disparity that exists in pay between men and women holding the same position.

The article notes that:
Women may have had equal voting rights since 1928, but they may have to wait another 98 years for parity in pay, research has found.

While the salaries of female executives are increasing faster than those of their male counterparts, it will take until 2109 to close the gap if pay grows at current rates, the Chartered Management Institute reveals.

The research shows that male executives continue to be paid more than women for the same roles, earning an average of £42,441 compared with £31,895. The £10,546 gender pay gap is an increase on the £10,031 from the same study last year, despite women's salaries having grown by 2.4% and men's 2.1% in the 12 months to February 2011.

Mike Petrook, head of public affairs at the CMI, said: "Our reaction to it taking almost 100 years to get any form of parity is incredible alarm. It is a position we shouldn't be finding ourselves in. It brings with it issues of discrimination and loss of skills, as women are more prepared to walk [from jobs] than men if they are not getting what they want." The data shows that 4.2% of women resigned during the period, compared with 3.6% of men.
The article also provides some solutions that might be able to prevent this disparity between women and men pay package in the workplace, and provide women with the opportunity to achieve upward mobility. It also high lights other deterent factors that impact a wide cross section of women in many societies. 

The aticle ends saying:

Phillippa Williamson, chief executive of the Serious Fraud Office, said: "There is a clear business case for equal pay; evidence shows that companies where women are well represented at every organisational level from board level down perform better."

After reading this article, these are some questions that came to my mind.

Do you think that it will take over 100 years to change the face of the workplace? Do you think that because of gender, women are discriminated upon in the workplace? Do you think that diversity in the workplace will enter the workplace earlier, or will it take the next 100 years or will it come much later? 

Author of the article - - Simon Goodley


Reviewed by Dr. Cheryl Cottle
Chief Consultant of Cottle's Professional Consulting