The latest Salary Benchmarking Report published by the Business Continuity Institute has shown a clear gender pay-gap across multiple demographics within the business continuity industry. The report suggests that the profession, and arguably society as a whole, contains some major disadvantages that need to be addressed urgently.
The BCI's Global Salary Benchmarking Report is a study of over 1,000 business continuity and resilience professionals that seeks to discover the remuneration packages that those in the industry receive, whether it is salary, bonus or other benefits. In addition to the global report, there are also region-specific reports for Australasia, Europe, North America, UK and USA.
Perhaps the most alarming finding of the report is that Europe has the most notable pay-gap between genders as, on average, males earn a salary that is 64% higher than females. In North America they earn 24% more, while in Central and Latin America the gap is 19%. In Sub-Saharan Africa and Australasia the gap drops to 12% and 11% respectively. In the Middle East and North Africa, the gap is significantly reduced with only 3% difference between males and females. The report identified that only in Asia did females, on average, earn more than males.
When the results are broken down by level of education, regardless of whether the respondents had the equivalent of A-levels, an undergraduate degree or a postgraduate degree, males still earned more than females. For those with A-Levels, or their equivalent, there is a 7% gap, and for those with a postgraduate degree there is an 11% gap. However, for those with an undergraduate degree, males earn a third more than females.
Analysing the results on the basis of age shows that the difference in the ‘18-34’ category was marginal, but it increased to 16% in the ‘35-44’ category, and up to 25% in the ‘45-64’ category, showing that the gap widens as careers progress. Or, more to the point, it perhaps suggests that females are not progressing in their career at the same pace as males.
Experience also affected the gender pay gap. One of the few categories where females had a higher salary than males was in the ‘0-9 years' experience’ category, but this soon changed as males with ‘10-19 years' experience’ earned about a third more than females in the same category. The gap narrowed again as males with ‘20-29 years’ experience’ and ‘30+ years' experience’ earned 21% and 14% more respectively.
Whatever way the data is broken down, in the vast majority of cases, males receive greater remuneration than females, even when they are at the same level. Of course there may be other factors involved, but the results very much suggest an imbalance in pay between male and female business continuity professionals.
“As a profession we need to do more to ensure that there is diversity and equality,” said David Thorp, Executive Director of the BCI. “We should not have barriers in place that exclude 50% of the population from wanting to be a business continuity and resilience professional, and clearly taking home less pay at the end of the month is a barrier.”
Founded in 1994 with the aim of promoting a more resilient world, the Business Continuity Institute (BCI) has established itself as the world’s leading Institute for business continuity and resilience. The BCI has become the membership and certifying organization of choice for business continuity and resilience professionals globally with over 8,000 members in more than 100 countries, working in an estimated 3,000 organizations in the private, public and third sectors.
The vast experience of the Institute’s broad membership and partner network is built into its world class education, continuing professional development and networking activities. Every year, more than 1,500 people choose BCI training, with options ranging from short awareness raising tools to a full academic qualification, available online and in a classroom. The Institute stands for excellence in the resilience profession and its globally recognised Certified grades provide assurance of technical and professional competency. The BCI offers a wide range of resources for professionals seeking to raise their organization’s level of resilience, and its extensive thought leadership and research programme helps drive the industry forward. With approximately 120 Partners worldwide, the BCI Partnership offers organizations the opportunity to work with the BCI in promoting best practice in business continuity and resilience.
The BCI welcomes everyone with an interest in building resilient organizations from newcomers, experienced professionals and organizations. Further information about the BCI is available at www.thebci.org.