Feb 22, 2018
Women earn 43% less at Barclays
Female employees earn 43.5% less at Barclays than men on average, according to gender pay gap figures it has submitted to the government. Barclays chief executive Jes Staley said it had "More work to do" so women could progress in financial services. Mr Staley said: "Although female representation is growing at Barclays, we still have high proportions of women in more junior, lower paid roles and high proportions of men in senior, highly paid roles," he said. Women earn 38.4% less at Virgin Money, while insurer Aviva has a median pay gap of 27.6%. Both firms, along with Barclays, have said they pay men and women in the same roles equally. Dominie Moss, founder of The Return Hub, which places women returning from career breaks in financial services jobs, said: "There's no silver bullet - for banks and City firms it's about getting more women established in senior executive roles, so they can in turn embed a culture that's more attuned to the needs of both women and men. That's going to be about changing managerial and recruitment practice."
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