EOC warns financial over gender pay divide

The
head of the Equal Opportunities Commission has told bosses in the financial
sector they must take a ‘sledgehammer’ to the glass ceiling,  if they are to reduce the 46 per cent gender
pay gap.

Julie
Mellor, chair of the EOC, said women in the sector earned an hourly rate of pay
that was almost half that of men – a gap wider than in any other industry.

Mellor
described the situation as appalling and urged finance employers to take the
lead in reviewing pay systems and making the most of flexible working
legislation.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Phone

This field is for validation purposes and should be left unchanged.

Δ

Speaking
at banking union UNIFI’s annual conference, she said pay reviews alone wouldn’t
necessarily solve the problem, but would uncover the underlying reasons for
women’s low pay.

By Ross Wigham