Tech Women: Mind The Gap - 03-19


As revealed in last year’s gender pay gap report mandated by the U.K. government, women earned on average 59 percent less than men at HSBC, Britain’s biggest bank. Fast forward one year, HSBC’s gender pay gap appeared to have expanded to 61 percent. By comparison, Lloyds Banking Group reported a 31.5 percent gap, and across all sectors, the average in the U.K. is closer to 17 percent. As expected, HSBC indicated that the gap could be explained by different factors, including over-representation of women in junior roles (and likewise the abundance of men in senior roles), and more women opting to work part-time.