This article highlights the striking Gender Pay Gap within not only base salaries, but more shockingly disparity of up to 92% in bonuses.
What’s more, almost 2,000 fewer firms released their Gender Pay Gap results this year in comparison to last. This implies that while diversity within hiring has been an increasing concern for asset managers, equality efforts seem to end at the point of employment.
Asset managers need to understand that diversity within the workplace requires active management throughout the employment life cycle.
The number of firms in the UK reporting their Gender Pay Gap (GPG) figures by the deadline has fallen by more than a thousand, amid claims firms have restructured businesses or transferred staff to avoid being obliged to report, or have ditched reporting altogether under the perception they will not face repercussions.