Women directors work longer hours than their male colleagues, but still earn about £14,000 a year less, a survey has revealed.
An Institute of Directors (IoD) report found the gender pay gap is still an issue for UK company directors, with women earning an average of 19% less than men.
The survey of 3,815 director jobs at about 1,000 UK organisations – undertaken with pay consultancy group Croner Reward – showed the average female director had an annual salary of £60,000 and worked 51.25 hours a week in a small to medium-sized organisation, and 57 hours in a larger business.
Their male counterparts received an average basic salary of £74,028, and spent about 50 hours at work on avaerage, or 55 hours at a larger company.
IoD general director Miles Templeman said there was still a long way to go before the pay gap was resolved.
“Even those who break through the glass ceiling and reach board level will find there’s another roof over their heads,” he said.
The average director received a 3.2% pay rise last year, the IoD found, with “significant” numbers not taking all of their holiday entitlement.
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