The gap at the top means that, on average, men earn about $950,000 more annually than women in similar executive positions. The author of the report says the findings, while focused on the executive level where pay is already high, point to a larger equity issue. The executives also mentioned a lack of confidence and risk-taking among women, an issue highlighted in academic research on executive pay. Eliminating bonus pay from the equation shrinks the gap to 82 cents, or almost the gap in the wider workforce. Companies with more women in executive ranks tend to be smaller organizations, and therefore pay less than their larger counterparts, Macdonald said.

Source: CBC News January 02, 2019 13:52 UTC