gender pay gap News

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 …

UK Gender Pay Gap Widens for Insurers, While Banks Make a Slight Dent

Major banks in Britain made a slight dent in their gender pay gaps last year, according to a Reuters analysis, though industry observers say they still have a long way to go. Several insurers went backwards. Companies in Britain with …

Gender Pay Gap in Australia Is Worst in Insurance and Finance Industries: Study

Australia is losing momentum in efforts to bring equality to the workforce, with a new study finding that it will probably take another 26 years until women are paid the same as men. The gender pay gap is worst in …

Flexible Work Could Boost Applications from Women for Senior Roles by 20%: Zurich

Employers that embrace flexible working after the COVID-19 pandemic could boost applications from women for top jobs by as much as 20%, according to a study by Zurich Insurance. Between March 2019 and February this year, Zurich’s UK subsidiary gained …

Four Ex-Employees Seek Class Action Status for Gender Pay Claims Against Google

Four female former employees of Alphabet Inc.’s Google are trying to persuade a state court to let them represent more than 10,000 peers in a gender-pay disparity suit against the company, setting the stage for the next big battle over …