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Goldman Sachs reveals wide UK gender pay gap [MarketWatch]

Bank of New York Mellon Corp (BK)  More Company Research Source: MarketWatch
Last bank of new york mellon corp earnings: 10/18 06:30 am Check Earnings Report
PDF Goldman Sachs reveals wide UK gender pay gap Women working at the main U.K. arm of Goldman Sachs Group Inc. make 36% less than men, according to pay data released Friday, reflecting male domination of some of the highest-paid jobs at the U.S. bank. Goldman said it has "significant work to do" after reporting that men make 36.4% more in median hourly pay and 55.5% more when hourly pay is averaged. Median bonus pay for men was 67.7% higher than for women. The figures -- part of a U.K. effort to report annually on gender pay gaps -- are based on a snapshot at the bank's biggest U.K. unit, Goldman Sachs International, in April last year. They don't indicate that men are paid more than women for the same jobs, which is illegal in the U.K. Goldman didn't give figures for its U.S. business or other global units. It employs around 6,500 people in the U.K., with around 5,000 of them in the GSI unit. The numbers come at a time of intense focus on how women are treated at work. U.S. companies in [Read more]

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