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
"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.