Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
dpa

HOME > dpa

Top female board members earn more than male colleagues in Germany

November 23, 2020


Abstract : Women in Germany's top paid jobs are now earning more on average than their male colleagues, a study released on Monday has found.

Women in Germany's top paid jobs are now earning more on average than their male colleagues, a study released on Monday has found.

Women board members working for all companies listed on Germany's DAX index took home more than men in equivalent roles for the first time in 2019, according to analysis by the consulting firm EY.

In the top 30 DAX companies, women executives earned an average annual salary of around 2.93 million euros (3.46 million dollars), around 30,000 euros more than the average top male manager.

Among the 60 companies listed in the index's next largest group, the MDAX, women managers took home 1.44 million euros on average, about 115,000 euros more than men.

But the most significant shift was seen among women managers working for the 70 companies listed on the smallest SDAX index, where womens' salaries crept ahead of mens' for the first time since the survey began in 2013.

There, the average female salary of 1.07 million euros was around seven per cent higher than that of male board members.

Companies' efforts to attract women into top jobs was an important reason for the change, said EY expert Jens Massmann.

Since female candidates are scarce, their market value and thus their salaries increase, he added.

Salary statistics in wider German society tell a very different story, with women earning an average gross hourly wage that is 20 per cent lower than that of men.

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: Germany salary

Reading:

Study: Germany benefits from start-ups founded by migrants

Germany, Denmark agree to gas supply cooperation in case of emergency

China-Italy economic cooperation under BRI: new potentials and opportunities

Ningxia launches cross-border e-commerce freight trucks to Europe

China likely to carry on high-speed export growth into Q1, 2021

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial