HSBC reveals gender pay gap
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Banking giant HSBC yesterday unveiled a yawning gender pay gap among its UK staff with its female workers earning nearly 60 per cent less than male employees.
Figures from Europe’s biggest bank showed a gap in average hourly pay of 59 per cent last year, making it one of the worst offenders in UK banking industry.
The gulf was even more stark on bonuses alone. On this measure, awards trousered by male workers were 86 per cent higher than those handed out to women.
HSBC said it had fewer women in senior roles despite them accounting for 54 per cent of its UK workforce. Only 23 per cent of the bank’s top brass in the UK are women.
Elaine Arden, HSBC’S group head of human resources, said: “We are confident in our approach to pay. If we identify any pay differences between men and women in similar roles, which cannot be explained by reasons such as performance/behaviour rating or experience, we make appropriate adjustments.”
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