Gender-based income disparities in different countries have never been a secret, but what is new in the UK now is that female directors serving in the UK’s leading companies are more likely than their male counterparts. About three-quarters are paid less than their counterparts.
According to a study released yesterday, a female director of one of the companies listed on London’s FTSE 100 Index earns an average of 7 237,000 a year.
The New Street Consulting Group study found that this income is about 73% less than that of their male counterparts, who earn an average of 75 875,900 a year.
This income gap is much larger than the rest of the UK job market.
According to a recently published data from the UK’s Office for National Statistics, men in the country receive an average of more than 15 per cent more than women.