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Gender pay gap at Tenet revealed

Gender pay gap at Tenet revealed

Tenet group finance director Keely Craig said: "Tenet is committed to reducing the gender pay gap over time and as we state on our website, we are confident that our gender pay gap does not stem from paying men and women differently for the same or equivalent work but rather is the result of the roles in which men and women work within the company and the salaries that these roles attract".

More than 1,000 organisations with 250 or more workers have published their gender pay gap figures.

Earlier this year it was revealed the mean hourly rate for women was 52% lower than for men at easyJet, while the figure stood at 33% lower at Virgin Money.

However, the grocery retailer's median bonus gap was 27 per cent and mean bonus gap was 42.6 per cent.

"There's no silver bullet; for banks and City firms it's about getting more women established in senior executive roles, so they can in turn embed a culture that's more attuned to the needs of both women and men", said Dominie Moss, founder of The Return Hub, which places women returning from career breaks in financial-services jobs.

Tesco has become the first major retailer to report a gender pay gap across its United Kingdom operations, with men earning on average 12 per cent more than their female counterparts. This represents the difference between the midpoints in the range of hourly pay for men and women.

Barclays joins a handful of major financial institutions that have disclosed gender pay gaps.

It also highlighted the fact that it had more male staff members in senior positions. Davies said: "I'm pleased that we are making progress in this area and exceeded our own target of 25% women on the board by the end of 2017".

The Financial Conduct Authority, the U.K.'s independent financial services regulator, reported a mean hourly gender pay gap of 19.3% lower for women and a median gap of 20.9% lower. "But we know there is more to do when it comes to other leadership roles in our business".

"When we remove the premium payment from the calculation, then the gender pay gap reduces even more significantly to a median of just 2.7 per cent".

Barclays group service, which includes operations and technology, had a salary gap of almost 30% and a bonus pay gap of 24%. Firms with 250 employees or more in Britain have until April 4 to report the difference between what men and women earn.

More than four-fifths (82%) of top quartile employees at Octopus Group - the parent company of Octopus Investments - were male, while three-fifths (60%) of the lowest quartile were female.

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