News: Women tycoons earn more than male peers

C-Suite

Women tycoons earn more than male peers

A study conducted by Barclays Wealth and Investment Management in the UK hints at signs of reversing the gender pay gap. It states that hhigh-flying businesswomen who run their own companies earn more than their male counterparts by 17 per cent. It found that women running their own businesses paid themselves 382,000 pounds, a figure 16.8 per cent higher than the equivalent of 327,000 pounds for men. In contrast, women executives working for other people's businesses typically earned 217,000 pounds, some 21 per cent lower than the 273,000 pounds earned by men. The study highlighted that fact that success of female entrepreneurs comes despite their scarcity compared to men among business owners. Further while part-time women workers are ahead of part-time men by more than 5%, among full-time workers in their 20s, wages for men are less than half a percentage point ahead of those for women.

A study conducted by Barclays Wealth and Investment Management in the UK hints at signs of reversing the gender pay gap. It states that hhigh-flying businesswomen who run their own companies earn more than their male counterparts by 17 per cent. It found that women running their own businesses paid themselves 382,000 pounds, a figure 16.8 per cent higher than the equivalent of 327,000 pounds for men. In contrast, women executives working for other people's businesses typically earned 217,000 pounds, some 21 per cent lower than the 273,000 pounds earned by men. The study highlighted that fact that success of female entrepreneurs comes despite their scarcity compared to men among business owners. Further while part-time women workers are ahead of part-time men by more than 5%, among full-time workers in their 20s, wages for men are less than half a percentage point ahead of those for women.

Source: The Financial Express
 

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Topics: C-Suite, #Updates

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