Gap in salaries.. Gender discrimination in Britain in 2022

The gap between the salary of women and men in the financial sector in Britain widened in 2022, according to data published by the Reuters agency.

Banks such as HSBC, Goldman Sachs, Morgan Stanley and Standard Chartered were informed by the gap between men and women and between black and white employees at the same job level.

The British authorities are fighting the pay gap

And the figures show how far financial institutions have to go to close the pay gap, despite the global push to tackle pay inequality.

 The British authorities fight, for example, this disparity in wages based on gender or race, by obliging companies that have more than 250 employees to disclose the difference in salaries and bonuses for male and female employees, by April 1st of each year.

4 major banks disclose the salary gap of their employees

In its annual report, the "HSBC" bank reported that it is one of the banks lacking equality in Britain in terms of gender pay, and the bank revealed that women received 45.2% less pay than men, an increase from 44.9% the previous year.

And the gender pay gap at Goldman Sachs increased to 53.2% in 2022, compared to 51.3% in 2021.

And at Morgan Stanley the gap reached 40.8% from 40.5% respectively in 2022 and 2021, while the Standard Chartered gap increased to 29% from 27%, in the same comparison period.

The gender pay gap

It is concluded from the reports of the four banks that the numbers reflect the underrepresentation of women in the top positions.

However, most major finance companies have made little progress in closing gender pay gaps, according to their disclosures.

The average in the 20 largest operating companies in Britain decreased to 30.1% in 2022, compared to 31.7% in 2021.

But the salary gap on a gender basis is still much higher than the average in all companies operating in the British market of 8.3% according to official data.