Executive women underpaid

Men got 13% more salary than women in the management of companies, a difference that has made two further points in the last year.

For exemple in Spain the wage gap between men and women is increasing in the direction of companies. The average salary of Spanish executives last year stood at EUR 50,045 gross annual, 7.1% less than 52,759 euros the previous year (considering the effect of inflation). Meanwhile, the remuneration of directors fell to 57,778 per year, 4.95% less than last year (59,535 euros).

If in 2006 the wage gap between managers and the directives was 11.38%, this margin increased two percentage points last year, up 13.38%, according to a study on wage trends of human resources consultancy ICSA, made from a sample of 21,365 managers.

The compensation of executives of large companies in Spain? Without distinction by sex? declined last year by 9%, going from 72,602 to 67,530 euros per year. The executives of midsize companies perceived 62,496 euros, 4.3% less than 63,991 euros in 2006.

Managers of small enterprises were least reduced their wages, though not spared from a fall of 3.9% (50,218 euros, compared to 51,177 per year in 2006).

The managing partner of ICSA, Ernesto Poveda, it left yesterday the reasons for the widespread decline of wages, although he said that one reason could be the entry of younger people in positions of corporate responsibility, which could justify a wage reduction. Poveda said the trend is still downward this year.
The variable tranche of earnings also suffered last year. If the fixed salary decreased by 4.9% (from 53,587 to 52,020 euros per year), the variable wage fell by 11.1% (of 4,763 euros to 4330 euros per year).

However, increased fringe compensation: the enjoyment of a mobile phone increased from 21% of executives in 2006 to 45% last year, the notebook PC, from 23% to 51% and the automobile, from 21% to 59 %.

Source: expansion.com

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