The findings of an annual survey of 72,000 UK managers, published by the Chartered Management Institute (CMI) and salary specialist XpertHR, reveal that women working in equivalent full-time roles in the region earn 29 per cent less than men.
That means they are unpaid for 2h 10m a day – a total of 76 working days every year. This is compared to a national gender pay gap of 22 per cent .
Analysis of the data from the 2015 National Management Salary Survey highlights pay imbalances across the UK’s professional workforce.
For men and women of all ages and in all professional roles in the North West the gender pay gap now stands at £13,346 with men earning an average of £46,558 and women earning £33,212.
The pay gap rises to £23,973 for senior or director-level staff, with men earning an average of £137,139 compared to the average for women of £113,166.
Women managers are also missing out across all levels when it comes to bonuses, with the average man’s bonus of £7,401 more than twice that of the average woman’s bonus of £3,000.
The survey data also reveals that the pay gap in the North West becomes wider as women grow older. Women aged 26-35 are paid three per cent less than their male colleagues, rising to 19 per cent for women aged 36-45. The gap increases to 33 per cent for women aged 46-60, equivalent to working 645 hours for free.
Not only are older women in the region earning less, but there are also fewer of them in executive positions.