Women managers in the UK saw their pay rise by 2.8% last year but will have to wait 57 years for their salaries to equal their male colleagues, according to a survey by the Chartered Management Institute (CMI).

Despite the 2.8% pay rise - 0.5% higher then men - female managers earn on average £10,000 less than their male counterparts.

At the current rate women managers will not be paid the same as men until 2067. The survey revealed that the pay gap even existed at junior management level, with men being paid at least £1,000 more than women executives.

"Girls born this year will face the probability of working for around 40 years in the shadow of unequal pay. 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," said CMI head of policy Petra Wilton.

"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."