Women working in the financial services sector are still some way behind their male counterparts when it comes to bonus pay, new research has revealed.
According to study by the Equality and Human Rights Commission (EHRC), women are paid an average of £2,875 a year in bonuses, a massive 80 per cent less than the £14,554 paid to men in the sector.
The EHRC labelled the gender bonus pay gap as "shocking", but added that firms which take action to close this gap should be able to generate a competitive advantage.
Trevor Philips, of the EHRC, said: "By bringing down arbitrary barriers and changing practices that, intentionally or not, inhibit women's success, financial firms have the chance to boost morale, bring on new talent and maximise the potential of their existing employees."
The findings come as the Treasury Committee investigates the issue of sexism in City firms.
The body is looking into whether there is a culture of inequality at some companies regarding issues such as flexible working and salaries.
Shocking Bonus Pay Gap Between Male And Female City Employees Revealed
Tue, 08 Sep 2009
Recommended links
Find an accountantAccountants directory
Types of accountant
Accounting software
Accountancy books
Financial accounts guide
Bonus Cuts Expected By City Auditors
Gender Pay Gap Among Chartered Accountants Revealed
Accountancy Sector Making Gender And Ethnic Equality Progress
Scottish Accountants Looking To Close The Gender Gap
Female Accountants Receiving Equal Workplace Treatment As Men
| Accountancy news |
|---|
| UK Reneges on Accountancy Standards - Thu, 02 Feb 2012 |
| Optimism for 2012 Shown by CIMA Accountants - Wed, 25 Jan 2012 |
| Chartered Accountants Debts are Increasing - Thu, 19 Jan 2012 |
| More News |
