قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Citigroup pays women 30% less compared to men

Citigroup pays women 30% less compared to men



The discovery was part of a pay equity review or Citi's 200,000-person global workforce. It found the globally, women are paid 71% of the median that mean earn. It also says that the median pay of its US minorities is 7% less than non-minorities.

The report focused on "raw pay," which has median total compensation when salaries aren't adjusted for seniority, job title or location

If those factors were considered, Citi said globally are paid nearly the same as men, and that the same applies when comparing US minorities non-minorities.

The disparity in the two statistics indicate that women are under-represented in high-ranking positions.

Citi reiterated its goal to boost the number of women and US minorities in senior roles at the bank, and said that doing so should help shrink the difference in its raw pay gap numbers. 1

9659002] It aims to bolster representation in high ranking positions at least 40% for women globally and 8% for black US employees within the next two years.

This year's larger analysis follows a similar report in 2018 that only examined 36 % of its workforce span ng three countries.
Citi says that it was the first US bank to release a pay gap report last year.

"This new level of transparency provides investors with this year's report.

" This new level of transparency provides investors with baseline metrics to understand broad pay equity at the company, which is the difference between what makes and what make, and what minorities and non-minorities make on a median, unadjusted basis, "Lamb said.

There is a pay gap in most fields, but it's particularly strong in finance.

"In finance, women are essentially being productive, but they are not getting paid because they are not getting into the accounts or the clients that they are needing to, "says Pamela Coukos, forms senior adviser at the Department of Labor and CEO of Working Ideal, a company that provides consulting on inclusive workplaces previously customs CNN Business.

Source link