In Spain, during the last year, gender pay gap decreased from 17% to 12% among managers and from 15% to 11% among employees. An apparently positive trend which, actually, was not determined by a higher professional consideration of women, but, instead, by a drop in wages of male workers. This was mainly due to the long term effects of the economic crisis. Indeed, the economic downturn has led many companies to reduce staff costs since 2008, cutting the highest salaries, which were, as a matter of fact, mostly a privilege of male managers. In confirmation of the fact that there is still a long way to go on gender equality in the world of work, ICSA-ESADE data reveal that from 2010 to 2011 the female presence in the boardrooms has decreased by a percentage point, dropping to 11.7%.
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