Pay divide puts women 20% adrift
Wednesday 01 May 2013
Women working in the UK financial services industry earned about 20 per cent less than their male colleagues last year, it emerged today.
After taking into account experience, qualifications and different occupations within the industry, the average base salary picked up by female professions was about £14,800 lower than men’s, according to eFinancialCareers.
The disparity does not seem to have hit job satisfaction, with 43 per cent of women claiming they were happy with their base salary, slightly more than men at 40 per cent. However, 42 per cent of women said they were willing to change jobs with better prospects the main motivation for moving.
James Bennett, global managing director at eFinancialCareers, said: “We would all like to think that the gender pay gap in financial services is narrowing. But male-female income disparity seems to persist.”
Experts said the figures were a reminder of the progress that still needed to be made. Lady Judge, one of the City’s best-known female directors, said: “I’m very surprised and disappointed to hear about these figures — especially given all of the serious work that is being done to smooth the way for women to have successful careers in the financial services industry.
“I’m hopeful the problem will be addressed very soon and that these figures will serve to highlight the work that still needs to be done.”
- 2 Moscow voted the world's unfriendliest city
- 3 The excuses your boss is most likely to believe when you call in sick
- 4 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 5 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
The one chart that shows how George Osborne is almost certainly going to be our next Prime Minister
The excuses your boss is most likely to believe when you call in sick
Bono's group has made more money from Facebook investment than from all his music
Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
Wikipedia rocked by 'rogue editors' blackmail scam targeting small businesses and celebrities
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don’t change Europe’s attitude to refugees, what will?
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...
Voluntary and unpaid, reasonable expenses reimbursable: Reach Volunteering: St...