Female bosses in the United Kingdom earn only three-quarters as much as their male colleagues, despite the fact that the Equal Pay Act outlawed inequitable pay between men and women more than 40 years ago, the British daily newspaper the Guardian reported in August.
A study by the Chartered Management Institute found that the salary gap between men and women increases as they age and get moved up the professional ladder. Women executives were also found to earn significantly lower bonuses than men.
Such earnings discrepancies, which persist across the globe, are often attributed at least in part to women’s documented reluctance to negotiate for higher salaries. Many women choose not to negotiate on their own behalf because they believe doing so will trigger a social backlash, a fear that negotiation researchers have determined to be well founded.
