Under new legislation, companies in the UK with 250 employees or more will have to publish their gender pay gap by 4 April, or run the risk of a penalty (see articles n°9966 and n°9502). The country’s four leading banks – Lloyds, Barclays, HSBC and RBS – have therefore made their figures public, and they indicate females are paid far less on average than their male colleagues. In the case of HSBC, women were paid as much as 60% less than male workers.
On 15 March, HSBC revealed the largest gender pay gap seen in the UK so far. Male employees of the bank are paid, on average, 2.5 times more per hour than female workers, equivalent to a gender pay gap of 60%. The figures were obtained by adding up the pay of men and women at the company and dividing that by the number of workers. HSBC also revealed that less than one quarter of its leadership roles are occupied by women, who meanwhile hold two thirds of all junior roles at the bank. Elaine Ard
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