Ryan FowlerGoldman Sachs has disclosed a gender pay gap of 54% among its UK staff, marking the widest disparity since records began in 2017.
This indicates that for every £1 earned by men at the firm, women earn only 72p. The figures underline a significant underrepresentation of women in higher-paying roles within the company, with women holding 24.3% of the highest paid jobs and 64.6% of the lowest paid positions.
The disparity extends to bonuses as well, with women’s median bonus pay being 42p for every £1 of men’s, showing a 57.8% gap compared to their male counterparts.
Richard Gnodde, CEO of Goldman Sachs, addressed the issue in a company memo, stating: “We have teams throughout the business working on this, and while significant improvements to our UK gender pay gap will take time, we will stay focused to drive meaningful progress towards our global aspirational goals.”
