Business

Goldman Sachs narrows gender pay gap slightly to 51 per cent

Goldman Sachs narrowed the gender pay gap in its UK business last year but still paid women an average 51 per cent less than men per hour.

The US investment bank said it paid men and women equally for doing the same job but the gap reflected a higher number of men in senior and management roles.

Read more: Let it all hang out: Goldman Sachs scraps office dress code

Women also earned bonuses an average 67 per cent lower than men, also reflecting the male domination of the banks top brass.

The firm also announced measures to interview at least two “qualified diverse candidates” for each vacancy globally in a bid to boost diversity in its senior roles.

It said that poaching senior figures from rivals had diluted diversity at the top.

All UK companies with more than 250 employees must disclose gender pay gap data by 5 April as part of a government scheme.

In 2017 – the first year of the governments initiative – Goldman Sachs reported a 56 per cent pay gap with a bonus gap of 67 per cent.

Read more: Goldman Sachs says no-deal BrexitRead More – Source
[contf] [contfnew]

CityAM
[contfnewc] [contfnewc]

Related Posts