Female directors at the UK’s biggest companies are still being paid a fraction of the amount their male counterparts receive, new research shows, underlining the pay gap that still exists between men and women in Britain’s boardrooms.
The average pay for FTSE 100 female directors stands at just £237,000 which is only slightly more than a quarter of the £875,900 paid to their male counterparts, according to research by New Street Consulting Group.
With female directors paid 73% less, the figures show the gender pay gap at blue-chip companies is far worse than the overall population, with women paid 15.5% less than men in the broader jobs market, based on official data.
The large pay gap at board level is mainly due to the majority of female directors at FTSE 100 companies holding non-executive jobs which attract lower salaries than executive ones.
Astonishing, isn’t it?