Today’s news review looks at media coverage of female managers’ pay and higher education options.
Today, Monday 25 September, the Chartered Management Institute (CMI) has released a press release that states female managers earn around £12,000 less than their male counterparts.
The findings by CMI claims that the pay gap is being made worse in management due to performance-related pay, with male chief executives receiving an average bonus of £89,230 whilst the average for female chief executives is £14,945.
The CMI’s press release suggests that this gap is in spite of the Government’s new pay gap reporting measures and that only a small percentage of businesses have subscribed to them.
This is misleading. Although we announced that organisations of 250 people or more will have to report their pay gaps, they are not compelled to until 2018.
Minister for Women Anne Milton said:
The UK is one of the first countries in the world to require large employers to publish their gender pay and bonus data. This is supported by our action to get more women into the top jobs at our biggest companies and our drive to get more girls taking STEM subjects at school.
If woman want to work they should never be held back because of their gender. The gender pay gap is at a record low, but there is more to do. By shining a light on where the gaps are, employers can take action to tackle it in their organisation and make sure that we use the talents and skills of both men and women.
On Sunday 24 September, The Times Good University Guide looked at investment behind higher education and how this is broadening the horizons and new pathways for students.
The articles looked at the new private university offered by Dyson’s David Sheppard and ran a comment piece from Minister for Universities and Science Jo Johnson on why the private sector will be expanding.
Sharing his advice for new and prospective students considering higher education, Minister Jo Johnson said:
I fully recognise the need for more flexible courses and new modes of study that fit around work and life. The excitement over the new Dyson institute and Technology, which opens its doors for the first time this month, underscores this.
We want you to be able to make well-informed choices between institutions, too. That is why we have introduced the Teaching Excellence Framework (TEF). I encourage you to consider a university’s TEF rating, as well other information when making decisions about where to study.
Read more about Minister Jo Johnson’s comment piece here.