Finance

Increased transparency has revealed challenging truths about gender pay

Increased transparency has revealed challenging truths about gender pay

"If we discount from the data the small number of shareholder related bonuses paid during the sample period then mean average bonus gap is eradicated completely".

"Having a pay gap is not unlawful", an EHCR spokesperson said.

"Breaking down the barriers that women face at work is more vital now than ever".

Women are more likely than men to say they'd consider switching banks, with over half of women (51 per cent) saying a large gender pay gap would make them likely to switch compared to over a third (37 per cent) of men.

The pay disparity between women and men is often framed as a difference in experience.

Take it to your Women's Network if you have one. "So, unfortunately, we are not going to get more in senior and better-paid positions overnight".

"It wouldn't be okay for a handful of women to benefit from any changes", she added.

Amazon UK Services, the division in question, is the only part of the business which reports a gender pay gap in favour of women.

Nearly all of the UK's 9,000 or so biggest businesses - those with more than 250 staff - have submitted their gender pay figures before Thursday's 00:00 BST deadline. All companies are due to report by 4 April 2018. The club's median gender pay gap is 31%.

Just over 39 per cent of its lowest paid workers are women while 29 per cent of top quartile are, and women's median bonus pay is 41.5 per cent lower than men's. The figure is expressed as a proportion of men's earnings.

Hyland believes horizontal segregation may have something to do with explaining the video game industry's gender pay gap problem.

Has the pay gap reporting process uncovered any discriminatory practices in relation to pay, which could be a legal equal pay issue? The figure is above that of rival HBoS, which sits at 26.4 per cent.

Now there are 59 male members of the Senior Leadership Team, in comparison to 23 females which has influenced the gender pay gap in real terms.

The Independent's sister title The Evening Standard revealed it had a gender pay gap of 12.8 per cent in favour of men yesterday. "It is the right thing to do and therefore will remain a priority for the organisation I lead".

Particularly telling is the section where companies reveal what percentage of the best and worst-paid members of staff are women.

When the players were discounted, the gender pay pap fell to 8.8 per cent. The club's managing director, Lee Charnley, added: "Ours is a sport in which the highest earning roles are occupied nearly exclusively by men".

"Our analysis shows that, in the United Kingdom, men and women are paid broadly comparable rates to market", the bank said in a statement.

Hyland has a number of suggestions as to how this could be achieved, ranging from long-term goals of getting more women into technical roles, to short term policies such as more clearly defining "job roles, salary bands, objective criteria for progression and bonuses".


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