Today the Equality Commission publish a major report into the gender pay gap in the financial services industry. You can download and read the full report here.
To an extent pointing out the ways in which the industry discriminates against women is like shooting fish in a barrel, but I am still disappointed by the content of the report. While all of the headlines are about the gender pay gap, it is clear from the report that the key issue is occupational segregation. I don’t doubt that female hedge fund managers face a culture of discrimination, but too much of this report is about comparing male hedge fund managers with female admin workers or cashiers. Not enough account is taken of how a very few incredibly highly paid employees can distort the overall average.
