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ICAEW report shows gender pay gap in accountancy practices
widens
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According to the latest survey from ICAEW, the gender pay
gap for accountants working in the business sector has widened. Women over the
age of 45 have experienced the biggest drop in salaries from 2014, according to
the institute and Stott & May.
Male chartered accountants earn an average salary of
£100,900 whereas females earn an average of £63,900 – this gap has widened
since 2014 by 5.4%.
Women over 45 experienced an average salary drop of £6,500
compared to the previous year; this is despite men of the same age category
enjoying an increase of £4,200.
The pay gap is at its smallest for among chartered
accountants under the age of 30.
Sharron Gunn, ICAEW commercial executive director, said;
"We need to face the hard truth that there has been
desperately slow progress to correct the gender pay gap, given the Equal Pay
Act was introduced 45 years ago. While it's a national trend across all
professions, we have a gender pay gap problem in accountancy too.
"With men more likely to hold more senior posts and
chartered accountancy being a route into leading businesses, we must look again
at how businesses are developing their pipeline of female leaders.”
What do you think about the gender difference in earnings –
is it fair and actually, is it at all modern? Is this latest report down to the
age of the individuals who have experienced the wider gap and the positions
that they hold now? Will the younger generation change the outcome for the
future when it comes to equal earning potential for men and women?
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