The employees of the British investment banks earn 44.5 percent less than their colleagues men (56 pence for each pound of income). An analysis of average hourly payment in ten major credit organizations made it possible to turn around employers in the country’s banking sector in the infringement of women, Bloomberg writes.
British Financial Organization HSBC, serving investment operations, has demonstrated the greatest difference in wages – women’s earnings by 54.4 percent less male income. The gap in the salary decreased by 0.7 percentage points compared to 2020. In addition, only nine percent of the highest paid HSBC employees are women. According to this indicator, the bank also turned out to be the worst representative in the sample.
Although the improvement this year has shown the majority of banks, progress in overcoming gender injustice is still insignificant. In the rating of income inequalities for HSBC, JP Morgan Securities follow JP Morgan Securities (53.1 percent) and Goldman Sachs International (51.8 percent). The best results – that is, the smallest income break – showed the DB Group Services (32.2 percent), Natwest Markets (33.4 percent) and BNP Paribas London Branch (35.1 percent). However, not all credit organizations of the country reported on the amount of wages, since during a pandemic the Government of Great Britain allowed companies to postpone the provision of this information.
The reporting of gender breaks in wages has become mandatory in the UK in 2017 and gives an idea of how much women’s income lags behind the income of men. When analyzing, the incomes of all women and all men in the company are compared, regardless of whether they are satisfied with the same work or different. In addition, when calculating, the experience and place of residence of employees and employees are not taken into account.
In the United States, they found a different way to reduce the gender gap in the financial sector: the world’s first bank for women opened in Chicago. The founder of the credit institution intends to facilitate women to receive financing for their business.