It appears that progress is slow.
The UK’s largest banks have made modest progress in reducing their gender pay gaps over the past year.
For instance, HSBC’s median gender pay gap decreased from 48.3% to 44.9%, Barclays from 31.6% to 30.6%, and NatWest Markets from 31% to 30.5%.
Despite these improvements, significant disparities in bonus payments persist, and women remain underrepresented in the highest-paying roles.
Critics argue that the pace of progress is insufficient, highlighting the need for more effective diversity, equity, and inclusion policies.
These developments underscore ongoing efforts and challenges in enhancing workers’ rights, promoting equitable workplace practices, and addressing systemic issues within the UK’s employment landscape.
