The UK is one of the most unequal nations in the developed world.
There are about 7.5 million people in the workforce, and the UK has the fourth-highest gender pay gap in Europe at 7.7 per cent.
But a new study shows the UK’s wages are not as high as other developed countries when it comes to women’s representation in senior roles.
The PayScale survey found that in 2013, the average pay of men’s executives at the top 50 UK companies was $130,000 compared to $102,000 for women, with the average for women in the top 250 companies was just $48,000.
That’s far below the average earnings of $160,000 that women earned in 2012, and far below that of $170,000 earned by women in Germany and the Netherlands, which have similar levels of female representation in their industries.
The gap is even wider when it is calculated by gender.
The pay gap for men’s CEOs in the Top 250 companies, for example, is 10.2 per cent, compared to 10.7 for women’s CEOs, the PayScale report found.
Women are still paid more than men for doing the same work, according to the report.
The median pay of a senior executive at the Top 500 companies in the world is $165,000, according the report, but the average salary of women in those firms is just $49,000 a year.
Women in these companies are paid a little more than twice as much as men, according a study published by the International Federation of Women’s Trade Unions.
The UK, however, has the highest gender paygap in Europe when it’s added up across all its businesses.
That was the case for companies in London, where the gender pay discrepancy of 5.4 per cent was the biggest.
The average salary for a London-based CEO in 2013 was $166,000 and the median was $152,000 in the city, according PayScale.
London’s gender pay disparity is higher than any other city in the US, according an analysis by PayScale of data from US-based firms.
In addition, women make up the vast majority of employees at the UKs largest companies.
The gender pay gaps at the three largest UK companies – Google, Facebook and Twitter – were the highest in the company’s history.
The highest gap was for Google, with a pay gap of 12.8 per cent in 2013.
It was the second-highest gap for Facebook, with 13.1 per cent pay gap, and for Twitter, at 13.3 per cent gap.
The difference between women’s and men’s salaries is also greater when comparing companies that are publicly traded.
The majority of the companies in PayScale’s top 500 in the USA are privately-held.
The largest private-sector companies in America, for instance, are the Apple and Microsoft, which are publicly listed.
This has led to a higher pay gap.
This is in contrast to some of the UK firms that are listed in public companies, such as the Royal Mail and Barclays.
But these companies do have greater gender pay discrepancies than publicly-listed companies.
According to PayScale, there are only eight companies in England that pay more for women than men.
Of the top 500 companies listed in the country, the top 100 pay more to women than to men, and only two companies pay more than half of the male pay.
The data shows that while companies are paying more to female workers, they are also being paid less to men.
The top 100 firms in the Pay Scale study, for those firms that pay less to women, had an average annual wage of $1,000 more than the average female worker, or $1.10 less than the median male worker, according by PayScope.
PayScale did not have information on the pay gap between men and women in London or elsewhere in the United Kingdom.
It said there was a gender pay imbalance in some industries, including health and social care, technology and media, education and transport, which together account for nearly two-thirds of UK gross domestic product.
Pay scale said the pay gaps were likely to be greater for women who are in managerial positions, compared with those in other roles.
Pay-gap at top firms in London BBC News Online