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London - The pay gap between senior managers and lower-level employees has widened much more sharply in North America and Asia than in Europe since the financial crisis, a study showed on Wednesday.
The report by Hay Group, a global management consultancy, showed that pay disparity between the likes of clerical or graduate-entry jobs and senior managers had increased in every region worldwide since the start of the global recession.
In North America the pay gap rose by 7.2% between 2008 and 2014, while the gap in Asia increased by 12.5%. Europe experienced the smallest widening at 2.2%.
