The accounting profession is improving in equal gender pay when compared to other sectors, but the gap still stands at £17,000, according to recruiter Marks Sattin.
According to the research women earn on average £67,680, while male counterparts take home £84,970. The pay difference is also reflected when it comes to bonuses. The average bonus percentage of basic salary received by men is currently 18.2% whereas women achieve bonuses at 13.9% of basic salary.
Commenting on the research, Dave Way, managing director at Marks Sattin said: "Earning equality between the genders is crucial for ensuring we continue to attract the highest calibre of talent to the profession but, in our experience, as accountants become more senior the pay gap often becomes wider.”
Way suggested women should be encouraged as well as their male colleagues to “excel in their careers” and “realise that opportunities are equally at reach”.
The results show that the profession is improving in equal gender pay when compared to other sectors. According to estimates from the Office for National Statistics, the gender pay gap across all sectors stands at 19.2%, which means women earn 81% of a man’s salary on a national level.
Way sees these results as encouraging as it shows the pay gap shrinking in the accountancy profession. The gap should further diminish because of some of the largest accounting firms’ backing of a new law which aims to lessen the gender pay gap. It will be mandatory for large companies to publish their gender pay gap from 2018.
“The accountancy profession itself is making strides toward equality, for example Deloitte spearheaded the issue last year by publicising its gender pay gap in advance, before it is compulsory to do so, and also attracted praise for promoting a swathe of talented women to partner level. EY is also accelerating change in this space by making the link between gender equality in the workplace and wider productivity and economic prosperity,” said Way.
About Richard Hattersley
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