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Overtime fails to boost fortunes.

Working overtime to keep on top of your workload might impress your boss, but it won't improve your bank balance, especially if you're a woman, according to research by Abbey National. Just over half of men are paid for nights spent burning the midnight oil, compared with a third of women. And this inequality is reflected in overall wages. The average weekly wage for men in the UK is 440 [pounds sterling], more than 100 [pounds sterling] higher than the average wage for women, which is 325 [pounds sterling]. But despite these inequalities, women claim to be happier at work than men, and more than a quarter of women are so happy doing their job that they do not want to give up work to start a family. When couples do decide to have children, the woman is still far more likely to give up her career to become a full-time parent. Only 3 per cent of men, compared with 26 per cent of women, leave work to look after the family. Even when the children are old enough to go to school, they usually remain the woman's responsibility. When children fall ill, over half of women, compared with g per cent of men, are forced to miss a day at the office to look after them. "We may think we're moving towards workplace equality, but our findings show that it's still some way off," says Janet Connor, retail marketing director at Abbey National. "What's interesting is that, despite the disparities, women are still happier in their working lives than men."
COPYRIGHT 2001 Chartered Institute of Management Accountants (CIMA)
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Copyright 2001 Gale, Cengage Learning. All rights reserved.

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Publication:Financial Management (UK)
Article Type:Brief Article
Geographic Code:4EUUK
Date:Oct 1, 2001
Words:261
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