New gender pay gap revealed | Hudson McKenzie

Bank of England: New gender pay gap revealed

November 23, 2017 | Banking & Finance, Latest Thinking, News

A new gender pay report at the Bank of England demonstrates that male employees are paid up to a quarter more than female employees.

The governor of the Bank of England, Mark Carney, previously stated that he was “confident” that men and women were paid equally for doing the same job at the Bank.

Yet new evidence suggests that due to there being a significant amount more of men within senior roles, this has led to a gender pay gap arising, as demonstrated within the new study.

Despite this however, Mark Carney showed that the number of women within senior roles at the Bank has alternatively risen from 20% in 2014 to 30% in 2017, with ambitions to increase by 2020.

The outcome of the new gender pay report gives rise to further concerns for all employers to be extra attentive to the sensitive topic of equal pay for both men and women within the workplace.

This is particularly in the lead up to April 2018, when all employers within the private and public sector, including charities, must publish pay figures as part of the UK government’s efforts to tackle discrimination within the workplace.

If you would like to discuss this topic further or have any queries regarding employment law, please contact one of our highly qualified employment law solicitors on 020 3318 5799 or by email on londoninfo@hudsonmckenzie.com

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