• News
  • Money

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.

Leave Your Comment

Leave Your Comment


Latest News

Breaking News



Recommended

Manafort, Gates indicted on new tax and bank fraud charges

The charges against Manafort and Gates don't relate to any allegations of misconduct related to Trump's campaign. Manafort was sacked from the Trump campaign in August 2016 when evidence of his ties to Yanukovych came forward.

Cheryl hints at wild love life with Liam Payne

And Liam was set to perform steamy new single For You with Rita Ora at the awards, which he is now promoting. Now, The Sun have claimed Cheryl and Liam didn't even speak much during their night out.

Smartphone Sales Decline Globally For First Time Ever

In Australia brands such as Huawei and Sony are struggling to get traction while brands such as Alcatel, Apple, Samsung and Nokia are experiencing growth.

Fortnite Battle Royale Hand Cannon Teased in Latest Video

Completing all 100 tiers will earn you 6 outfits, 3 pickaxes, 4 emotes, 3 gliders, 23 banners, and 21 emoticons. And Epic Games has done a fantastic job of monetizing a free to play game with the Battle Pass system.

Another 200 Toys 'R' Us Stores To Close, Report Says

Toys R Us hasn't reported its holiday results, but USA Today said store sales dropped 9 percent and online sales fell 20 percent. Meanwhile, CNBC has reported that Toys R Us is potentially at risk of breaching the covenant on one of its loans.

Olympic Half-Pipe Hero Doesn't Know How To Do Any Tricks

I say she used ambition, hustle, and grit (and yes, she revealed some absurdity in the process). "No, she's part of the game". As Lady Gaga blared over the speakers, the crowd watched in silence for sparse applause at the end.

Hughes returns for England

Sunny isn't often used to describe the scene at Murrayfield in February but the weather is set fair for Saturday's Calcutta Cup clash.

Google faces lawsuit for firing critic of anti-diversity memo

For now, Google remains legally challenged and internally mired in the same culture war that's engulfed much of the country. Google, on its part, says that employees should be communicated in a manner that complies with the company's policies.

Trump Jr looks forward to investing more in India

Donald Trump Jr .is the USA president's eldest son who arrived in India using a family jet for a visit that would last an entire week.

Venezuela Comes Out With Guides On Petro Digital Currency

The news were revealed on Twitter , where he mentioned that it had raised more than CNY 4.777 million ($735 million). The government will distribute the remaining 18% to the Superintendency of Currency and Related Activities.