Women face a 60-year wait to be paid the same as men.

Figures from the Chartered Management Insitute have revealed equal pay is nearly six decades away.

Although women's salaries increased more than men's in the last 12 months, it will still take 57 years for the wages to level out.

The salaries of women went up by 2.8 percent in the last year, compared to 2.8 percent for men, but bridging the pay gap between the two sexes of £10,071 will take almost as long as the career of this summer's graduates.

Although this year marks the 40th anniversary of the 1970 Equal Pay Act, data collected from 43,312 individuals in 197 organisations reveals that male pay outstrips female pay by as much as 24 percent at senior level. Even at junior level the gap still persists with male junior executives receiving £1,065 more than female executives.

CMI's Head of Policy, Petra Wilton, said: "Girls born this year will face the probability of working for around 40 years in the shadow of unequal pay. The prospect of continued decades of pay inequality cannot be allowed to become reality. We want to see Government take greater steps to enforce pay equality by monitoring organisations more closely and naming and shaming those who fail to pay male and female staff fairly.

"It's not just Government that needs to act. Competitive businesses need to attract diverse workforces and appeal to the most talented employees. To do this, managers and employers need to recruit from a wide talent pool but they cannot expect to attract the UK’s best female talent if they continue to undervalue it."