The Chartered Management Institute estimates women are underpaid by 100 minutes every day in comparison to their male colleagues. Over the course of a year this adds up to a staggering 57 days, which equates to an average 22% of annual salary. Ann Francke, the Institute’s Chief Executive, has also suggested that the bonuses men receive can be twice those of their female counterparts. This has been attributed to: firstly, their bosses and secondly, to the fact that gender salary gaps have widened especially in the over 40s.
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