Insurance achieves gender equality on junior exec pay
The Chartered Management Institute (CMI) has claimed that equal pay is now a reality for female and male executives working in the insurance sector but only at a junior level.
The CMI revealed research which found that female junior insurance executives in the UK had an average salary of £23,872 which was marginally more (£1,636) than male executives at the same level.
However, the CMI also claimed that at a senior level the survey discovered that men in the insurance sector were paid £7,182 more than women for doing the same job with pay rates of £41,351 and £34,169 respectively.
Widening gap
It added that the gap was currently widening with overall salaries for
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