The U.K. is the biggest country yet to delve into the explosive topic of the pay gap between women and men.
The April 4 deadline has now passed for firms with at least 250 employees in Britain to report wage disparities, and what’s been published is a wave of embarrassing information.
1. Why does the pay gap look so big?
More than 10,000 companies have completed a blunt, uniform assessment of the gap between what men and women earn on average in its workforce. The figures highlight that women are often under-represented in higher-paying roles, which is a big reason for the headline-grabbing numbers. For example, at HSBC Holdings Plc, Britain’s biggest bank, women earn on average 59 percent less than men, a figure skewed by the fact that less than a quarter of senior managers are female. The numbers aren’t measuring the pay of men and women in the same job.
www.bloomberg.com
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