Female execs in UK still earn much less than male counterparts, but this is improving
Globally, female CEOs still receive 31% less than men in the same posts, compared with 52% less six months ago
London— Top female executives in the UK are nearing their male colleagues in pay since new rules for reporting compensation went into effect, yet the gap remains wider than the global average. British women in senior executive positions received 12% less than male counterparts as of September, compared with a 22% deficit in March, according to a worldwide analysis by executive search firm Leathwaite. The pay gap for upper managers in the rest of the world was also roughly halved in the same period, to 8.7%. UK firms are responding to a new law that since April has compelled those with at least 250 employees to report average differences between men’s and women’s hourly and bonus pay. The US also saw a narrowing of the gap after some states banned companies from asking prospective employees about their current pay in an effort to halt persisting inequities. “These laws have put gender pay firmly under the spotlight,” James Rust, a founding partner at Leathwaite, said in a statement. ...
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