UK companies are now required to publish their gender pay gap and bonus gap. Deloitte’s mean gender pay gap is 18.2%, and the firm’s mean gender bonus gap is a whopping 50.9%. It’s ethnicity pay gap is 12.9% and the ethnicity bonus gap is 41.9%. What’s your company’s pay gap? If they’re in the UK, it should be publicly available now. https://www.accountancylive.com/deloitte-gender-pay-gap-figures-show-bonus-disparity
Fake news. It's mentioned in the article that this is almost entirely explained away by more men in senior management.
That’s not an explanation, just rephrasing. 🍆
I'm not surprised women are paid less. At college 90% of my engineering classmates were male - primarily because we were poor and knew we would need jobs. We regularly spent our nights at the lab. Meanwhile women dominated softer, easier majors like psychology or marketing and could spend their nights watching bad TV or partying. Fast forward in time and is it really any surprise men make more? I find it offensive to blame this on discrimination and sad that the poor and middle class guys who worked their way up are the ones who end up as real victims of these sexist "equality" campaigns.
I just said something similar on another thread and I was called sexist
Because these people don't want an objective discussion. They want to further their agenda. "Sexist" is just a way to shut down real discussion and make others afraid to speak out.
“Deloitte says its pay and bonus gaps are due to the lower proportion of women holding the firm’s most senior roles, an issue that it is working hard to address.” I really want to understand what "working hard to address" means.. Does it mean that qualified and deserving men will now be skipped for promotions? Does it mean new senior leadership roles will only seek female candidates? What matters is to make sure there is no bias in hiring, promotions, salary due to gender, race, etc. It shouldn't mean that you stop promoting based on merit. Imagine that following "the hard work" they put in to address this issue, they hired a bunch of very talented female senior leaders. Suddenly, there is a pay gap to Indian men, does it mean that you now skip on a great female hire to balance the ratio?? This is the obsured logical conclusion of this type of blind obsession with outcome.
Well said
That's exactly what it means. Now that these stats are public, the gap will be closed regardless of merit. Even though the stats don't take into account a host of factors. Cue a ton of incompetent women in job roles coming up. Going to make themselves and the competent women look bad. While breaking the free market in the process.
Agree. Well said.
Nothing like data on gender to get your knickers in a twist, eh gentlemen?
We'd love to have a real conversation about the data, but we can't without women breaking down, crying, and trying to get us fired, so we are stuck discussing it here anonymously.
Knickers in a twist? Why not have an honest conversation and respond to my comment. Are you not worried about how this can play out in the future? if we move away from merit based hiring? Do you think the only issue in the is gap and leadership discrepancy is only solved via hiring and at other levels of society like education, female role models, nurture culture valuing men as parents , etc. Seems like you individually (let's not generalize 5 comments to all men and women) get you knickers in a twist when you get any feedback that doesn't repeat your narrative.
OP, I see that your role at Deloitte is “other”. Can I ask why you didn’t choose an Eng role?
So when they hired so many men there must have been a large portion of incompetent ones. Saying they will hire incompetent women is dumb, companies will interview properly and hire good ones. Plus there's a study out there that says companies run by women are going better.
Just curious, which companies were included in this study? Enron vs Yahoo?
Please cite.
Where do you find this for your company?
In the UK, large employers are now required to publish pay gap data, by law, based on a specific formula set by parliament. If your company is in the UK, it should be published on their website.
https://youtu.be/Xg2psply4no - explains what the gap is, what can and what cannot be done with it
They should also be required to publish average number of work hours weekly breakdown by gender and race. Also show the breakdown of those that negotiate, as well as those that actively seek out promotions. Would be interested to see all of this data.
Agreed. The hysteria over the pay gap has many data points outside of gender. Could it be possible that men and woman are different? That they approach their careers from different perspectives? I am cool with having the conversation and drawing awareness to this so we can have a discussion, but not when the other side calls you sexist for even suggesting there might be other reasons.
Agree for including hours working into stats. However how would you measure that? Long hours or answering email in the evening doesn't mean somebody is doing better work than with short hours and more productive.