Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+

Equality, diversity and inclusionLatest NewsEqual paySex discrimination

Women shortchanged by £32m a year in financial services

by Mike Berry 4 Oct 2006
by Mike Berry 4 Oct 2006

The gender pay gap in the financial services sector is continuing to widen, a new survey suggests.

Research by recruitment consultancy Robert Half Finance & Accounting  reveals that women earned, on average, £11,660 less than their male counterparts. This represents a jump of £2,000 from the previous year’s figures.

When measured across the total number of women in finance, put at 2,720 by the National Statistics Labour Market Survey, the figure comes to £31.7m.

The survey attracted responses from 1,181 finance professionals across the UK.

David Jones, managing director of Robert Half Finance & Accounting, said: “While the number of women in management roles is increasing, these figures suggest there remains an inadvertent discrimination in setting male and female salaries.

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

Receive the Personnel Today Direct e-newsletter every Wednesday

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

“Companies must examine why female workers are not reaching higher pay brackets. In some instances it may be that women are being financially penalised for taking time out of work to care for children or elderly relatives. Managers must recognise diversity and provide flexible working options that accommodate the needs of both men and women.”

The survey also reveals that year-on-year increases continue to be higher for men. The survey shows that while both men’s and women’s salaries are increasing; the rate of increase for men is proportionally higher at 5.79%, compared to only 2.08% for women.

Mike Berry

previous post
Asda scraps separate rate of pay for under 18s
next post
HR jobs could go as financial services sector looks to cut jobs

You may also like

House of Lords to resume scrutiny of Employment...

30 May 2025

Indefinite leave to remain proposal could place workers...

30 May 2025

Overseas workers bring key benefits to IT and...

30 May 2025

Trade uncertainty means 7 million fewer jobs globally

30 May 2025

Personnel Today Awards 2025: Two weeks left to...

30 May 2025

Pension reforms could put savings at risk, group...

30 May 2025

Black workers face greatest risk from workplace surveillance

30 May 2025

Capita and PizzaExpress named for minimum wage underpayments

29 May 2025

Charlie Mayfield: HR needs more proactive approach to...

29 May 2025

Warning issued over loss of ‘frictionless’ business travel...

29 May 2025

  • Preparing for a new era of workforce planning (webinar) WEBINAR | Employers now face...Read more
  • 2025 Employee Communications Report PROMOTED | HR and leadership...Read more
  • Prioritising performance management: Strategies for success (webinar) WEBINAR | In today’s fast-paced...Read more
  • Retaining Female Talent: Four Ways to Reduce Workplace Drop Out PROMOTED | International Women’s Day...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2025

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2025 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • Brightmine
    • Learn more
    • Products
    • Free trial
    • Request a quote
  • Webinars
  • Advertise
  • OHW+