gender pay gap News

Top Japanese Firms Scrap Employment System That Held Women Back

Japan’s biggest financial firms are abolishing decades-old employment practices that kept women off the corporate ladder. Nippon Life Insurance Co., Japan’s largest insurer, and MUFG Bank Ltd., a unit of the nation’s biggest banking group, are among firms that in …

Women in UK Financial Services Still Earn a Fifth Less Than Men

The average woman working in the UK financial sector earns about a fifth less than their male colleagues, a reflection of how the gender pay gap has stubbornly persisted even during a period when businesses pledged to address workplace inequity …

Gender Pay Gap Endures in Australia’s Financial and Insurance Sectors

Pay for women and men at firms in Australia’s financial and insurance services sector remains among the most unequal, according to government data that was expanded to include the salaries of more workers and a deeper analysis of wages. The …

Australia’s Top Female Executives Make US$103,000 Less Than Men

Australia’s top female business chiefs are earning A$158,632 ($103,340) less per year than their male counterparts, according to the Workplace Gender Equality Agency, with the overall pay disparity between men and women nationally sitting at 21.8%. Including executive salaries in …

Fewer Top Women Earners in British Financial Services Since Pandemic: Report

Women make up a smaller proportion of top earners in British financial and professional services than before the COVID-19 pandemic, research from the London School of Economics and Political Science (LSE) showed on Monday. Women made up 19.4% of the …

Pfizer to Pay $2M to Settle Alleged Gender Bias in Compensation at New York City Office

Pharmaceutical firm Pfizer Inc. has agreed to pay $2 million to resolve alleged compensation discrimination affecting female employees at the federal contractor’s New York City headquarters. The U.S. Department of Labor (DOL) announced it entered into a conciliation agreement with …

Fox’s Tubi Accused in Lawsuit of Paying Women Less Than Men

Fox Corp.’s streaming platform Tubi was accused in a gender-discrimination lawsuit of paying top female executives 28% less than their male counterparts and offering them fewer promotions. Sarah Ekstrom, Tubi’s former chief people officer, said in a proposed class-action suit …

Japanese Banks (and Insurers) Face Spotlight for ‘Gender Washing’ Women Managers

Some Japanese banks may soon come under the spotlight for potential “gender washing” over the way they count the number of women in management positions. Japan’s Financial Services Agency found a big discrepancy in responses from a regional bank survey …

UK Financial Services Firms Lead Europe in Push to Shrink Board Gender Gap

UK finance firms now have a higher proportion of women on their boards than their European counterparts, a rare boost for the City of London’s attempts to improve the industry’s diversity. Women made up 58% of new board appointments at …

UK Banks Face Surge in Equal Pay Claims After Landmark Ruling Against BNP Paribas

Stacey Macken fought more than eight years for equal pay. Her victory over BNP Paribas SA this week at a London court may encourage a wave of other women to come forward. In an unprecedented order for a UK investment …