Huge gender pay gaps seen in UK, early company reports show

Published 24.04.2017 11:29
Updated 26.04.2017 12:09
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Early reports from several British companies, which are set to publish the difference in earnings between their male and female employees, showed that the pay gaps were twice the national average of the U.K. at up to 36 percent, Bloomberg reported Monday.

British bank Virgin Money said that its male employees earned an average of 36 percent more than its female employees, while asset management company Schroders Plc said its pay gap was at 31 percent.

Early reports from energy company SSE Plc and consulting firm PwC also confirmed the common difference in male and female earnings with a disclosed gender pay gap of 23.4 percent and 15 percent respectively.

Britain's new law requires all companies to calculate the differences in average and hourly earnings for all male and female employees and to publish these results on their official websites by April 2018.

According to U.K. government statistics, the national pay gap is considered to be a little more than 18 percent, which is far lower than the figures revealed in reports.

The Confederation of British Industry previously announced that women held 60 percent of the lowest-paying jobs throughout the country, while 60 percent of the best paying posts were held by men.

A survey by popular job search engine and review site Glassdoor showed that 58 percent of the participants said the government should compel employers to disclose earnings in order to combat unequal pay.

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