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Men earn more than women for equal performance, Mastercard says [Business News Network (BNN) Energy & Resources (Canada)]

MASTERCARD (MA)  More Company Research Source: Business News Network
Last mastercard earnings: 7/26 08:04 am Check Earnings Report
PDF Men earn more than women for equal performance, Mastercard says Women who work at Mastercard Inc. earn 99.1 cents for every dollar men make for “equal performance at the same level,” according to a report the company released Monday. The payments network said it will take steps to close this gap in its current compensation cycle. Mastercard examines its pay practices annually, and “if disparities are found and not explained in an acceptable manner, appropriate responsive action is taken,” the report said. Its 0.9 per cent pay gap is less than the commonly cited national average of 17 per cent, which is based on median hourly earnings and doesn’t take into account job title, seniority and other factors that affect compensation. Pay discrimination based on gender is against federal law. A number of financial-services firms, including Citigroup Inc. and Wells Fargo & Co., have recently disclosed the difference in compensation for their male and female employees. All have said the gap is [Read more]

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