By Andy Sambidge
New survey by Institute of Management Accountants says women are earning 97% of average male salaries
The gender pay gap among accountants working in the UAE is narrowing although some disparity still exists, according to the Institute of Management Accountants (IMA) 2014 Salary Survey.
The survey of 131 IMA members in the UAE found average base salaries for women ($53,222) in the UAE are 97 percent of those for men ($54,938).
These findings echoed the results of a global survey of more than 24,000 IMA members, which revealed women in the Americas earn 95 percent of their male equivalents' base salaries, while the figure is 108 percent in Europe.
However, total compensation packages for women, which include salaries, bonuses and other benefits, still lag behind, the survey said.
In the UAE, the average total compensation package for women ($60,792) was only 85 percent of that of their male counterparts ($71,856).
The UAE was broadly in line with the global figure of 83 percent.
Hanadi Khalife, IMA Middle East director, said: "This year's study indicates a narrowing in the gap in pay for male and female management accountants, and it is good to see the UAE leading the way. There is still work to do, however, and IMA hopes to see greater pay equality when we conduct our survey again in 2015."
The majority of both male and female IMA members in the UAE have seen their pay increase in the past year, the survey showed, with 63 percent of survey respondents received a pay rise in 2014, with an average increase of 14 percent.
Three quarters (75 percent) of respondents are expecting a salary increase in the next year, with approximately half (49 percent) anticipating a five percent to 15 percent rise.
A quarter (26 percent) of respondents indicated they were working more hours in the past year, while 65 percent say their hours had stayed the same.
More than half (55 percent) of respondents said they plan to change jobs in the next 12 months, with 32 percent looking to work in another country. The most common reasons are the desire for an improved quality of life, new career opportunities, and improved salaries, with each identified by at least 80 percent of respondents.