If you are a woman working for HSBC, you might be earning 60% less than a male colleague
HSBC paid its female staff in Britain 59% less on average than their male colleagues in 2017, the widest gender disparity gap among the major firms to have disclosed the data and more than three times the national average. The gap will widen to 60% this year, the UK’s biggest bank said in a report on Thursday. The disparity is wider than at Barclays, which said in February that women at its corporate and investment bank earned on average 48% less than male employees. The national average pay gap is about 18%, according to the Office for National Statistics. HSBC said the pay gap points to the disproportionate number of men in senior positions. While female employees account for 54% of the bank’s workforce, only 23% of its senior leadership positions are occupied by women, HSBC said. For employees that received bonuses, the median gender pay gap for the variable compensation was 86%. "We recognise that there is more work to do to address our gender balance at senior levels," the lend...
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