Facebook, Amazon reveal gender pay gap of United Kingdom workforces

Mar 30, 2018, 01:17
Facebook, Amazon reveal gender pay gap of United Kingdom workforces

These are the findings of independent research carried out for SavvvWoman, a leading finance website aimed at women.

As the current gender pay gap is 18.4%, this means that women effectively work for free for the first 67 days of the year.

All companies with more than 250 United Kingdom employees have to disclose their gender pay gaps by 4 April.

Over one third (45 per cent) of adults who use a credit card are likely to switch their credit card provider.

Women at the firm also received 80 per cent less in bonuses than men on average.

Amazon subsidiary Amazon Video Ltd meanwhile pays women 40% less than men, while at the internet retailer's London Development Center unit, although 98% of women receive bonuses, female employees receive 12% less. But the situation was reversed when it came to bonuses, with men receiving 21.3% more, on average.

"It really requires a back-to-basics approach, and will require more than the efforts of Facebook to change fundamentally the difference between the representation of men and women in the workplace particularly in technical careers".

"Shropshire Council continues to look at ways to help reduce the gender pay gap". With just a couple of days to go though, 5,914 have already done so.

In total, 9,000 companies and public bodies will submit gender pay gap data to the Government Equalities Office.

There is no statutory requirement for law firms to include partners in their gender pay gap reporting, but a growing number have now made the decision to, including Dentons, Eversheds Sutherland, Reed Smith, Irwin Mitchell and Norton Rose Fulbright. "Our employees can be sure that we regard them all in high regard and that our basic rates of pay will always reflect that". Perhaps a large gender pay gap could tip the balance? "We recognise there is more for us to do, and narrowing the gender pay gap is a key objective for our business over the coming years".

Across its entire United Kingdom business, the firm found a 6.7% mean pay gap in favor of men, while within its central Discovery Corporate Services division, the only unit with more than 250 employees and therefore required by government to report, it had a 13.5% mean pay gap in favor of men.

"St. James's Place is committed to evolving a culture in which everyone can thrive and the broad range of initiatives we are implementing is focused on bringing down the gap".

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