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Why is Wonder Woman worth less than Superman?

Pay gaps, the wrong role models, a weak talent pipeline and lack of self-confidence are amongst the biggest challenges holding back female managers, according to Women in Leadership, the Chartered Management Institute’s (CMI) first ever White Paper on gender issues.

The paper builds on the results of the National Management Salary Survey, published annually by CMI and XpertHR, which in 2012 showed a lifetime pay gap of over £420,000 between female and male executives.

The White Paper presents a range of practical recommendations, including:

For employers and line managers

  • Measure and report on the proportion of women in your workforce, including at senior levels. Where there is little progress, act on it.
  • Create supportive networks andencourage mentoring opportunitiesfor female managers.
  • Prepare future leaders with the skills they need to do a good job at the top including training, experience and qualifications.
  • Enable women to be wives, mothers and carers by embracing flexible working at all levels.

For Government

  • Require companies who have transgressed to publish aggregated pay data at all levels within the business.
  • Focus on the talent pipeline, not just the boardroom: ensuregreater transparency from employers about the level of female representation at different management levels.
  • Inspire younger women’s career aspirations by integrating management and leadership development into the education and skills system at every level, as recommended by the Heseltine review.

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