Women bosses work 57 days for free
Women managers are effectively working for free for 57 days a year because of a gender pay gap, according to a new study.
A survey of 72,000 managers found that women in equivalent full-time jobs earned 22% less than men.
The difference means they are working for an hour and 40 minutes without pay every working day, said the report by the Chartered Management Institute and wage analysts XpertHR.
The gender pay gap for professional roles averages £8,500 a year, rising to almost £15,000 for senior staff, it was discovered.
The gap gets wider as women grow older, ranging from 6% for women aged 26-35, to 38% for the over 60s, said the report.
The research also showed there were fewer older women in executive positions.
Women outnumber men in junior management jobs, but fewer than one in four are on company boards, just short of a 25% UK target set by a Lord Davies-led study group.