Women earn two-thirds less than men in top finance roles

s300_Students_Adult_woman_looking_up_smiling

Research out today from Fox & Partners, the employment and partnership law firm has found that female directors at the UK’s largest financial services firms earn on average two-thirds less than their male counterparts.

The average pay for female directors at financial services companies totals just £247,100. This is 66% lower than the average £722,300 paid to male directors.

Founder of Ezra, Nick Goldberg, commented:

“We’ve seen strong progress in terms of addressing the gender imbalance within the workplace, but it seems as though we’ve still got a way to go before we achieve a truly level playing field. Our research shows that just six per cent of FTSE 100 CEOs are women and they earn 17% less on average when compared to their male counterparts.

Such findings would suggest a degree of structural discrimination remains and this simply isn’t acceptable in this day and age.

Of course, appointing and promoting women within the workplace as a box-ticking exercise is not progress and that’s not what we want to see.

The suitability of any candidate should always be ascertained based on experience and skillset regardless of what level of the business they sit within. A person’s gender shouldn’t come into it, nor should it act as a glass ceiling where the opportunity for career progression is concerned. Unfortunately, it seems as though this ceiling is still present within big business today.”