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Brit Women 'weathering Recession Better Than Men'

by Rajashri on August 30, 2009 at 11:52 AM
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 Brit Women 'weathering Recession Better Than Men'

A new study says that Britain's working women are better at coping with recession than men.

The study involving 46,000 adults showed that labour turnover among women has dropped to a five-year low of 4.3pct, compared with 4.8pct for men.

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According to the Chartered Management Institute (CMI), it could be due to the fact that female executives are accepting job transfers rather than redundancy.

The findings revealed that one in 12 women in junior jobs have switched departments in the past year, twice as likely as men.

The income of male and female managers rose at the same rate (4.9pct) this year, although women still earned over 11,000 pounds less than their male counterpart.
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"Employers may be mistaking equal pay rises for equal pay, and whilst any increase in take-home pay will be welcomed in a recession, it appears that the glass ceiling remains in place and has been reinforced with concrete," the Daily Express quoted Ruth Spellman, chief executive of the CMI as saying.

"If the focus remains on yearly increases, the arrival of pay parity will never occur," Spelling added.

Source: ANI
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