Analysis carried out by Pinsent Masons, the law firm behind Out-Law, of the GPG data submitted so far by financial services companies for 2020-21 shows that women are paid nearly 27% less per hour than men. This is below the sector national average of 33.2%, as reported by the Office for National Statistics for 2020.
Deborah Hutchinson, Co-Founder and CFO of Channel Capital Advisors commented “here at Channel, we pay our male and female employees equally for an equivalent position, but of course, there are plenty of examples of companies in and outside of the financial services arena where this isn’t the case. We understand the importance of having this equality and what it enables us to achieve as a key part of Channel’s corporate and social responsibility. We benefit enormously from a more positive work environment for our employees aligned with our core values.”
Together we can break the bias!
