Female directors at the UK’s largest financial services firms earn on average two-thirds less than their male counterparts, new research shows, underlining the pay gap that still exists between men and women at the highest levels in the financial sector.
It doesn’t show anything of the kind. It shows the different jobs being done:
The significant gender pay gap at firms listed on the FTSE 100 and 250 stock indices suggests there has been slow progress in recruiting women to more senior, higher-paid executive positions.
The vast majority (86%) of the female company directors occupy non-executive roles, according to the research, which tend to be lower paid than executive positions, and involve less day-to-day responsibility for running the business.
Different jobs get paid different amounts. Shock, horror.
What has really happened is that the much shouting about putting women on boards has led to a few HR power skirts being made non-execs. So, what did anyone think would happen?