Firm cuts pay gap for staff but men still dominate among long-serving partners
A report on the gender pay gap at professional services firm Deloitte underlines the large divide that still exist in the sector when partners’ pay is included.
The gender pay gap among the firm’s 2,500 staff has narrowed from 10.1 per cent in 2018 to 6.8 per cent last year. But when partner remuneration is counted, the gap widens sharply to more than 30 per cent.
Under legislation, companies with more than 250 employees will have to publish details of the gender pay gap in their organisations, with the requirement expected to come into force later his year. Deloitte has moved ahead of the legal requirement to publish its own statistics and its plans for promoting gender equality at the firm.
On the basis of the template set out in the legislation, Deloitte calculates that the gender pay gap at the Big Four firm is now 6.8 per cent, having declined steadily in recent years.
The report says the reason for the employee pay gap is because there are fewer women in senior positions and their tenure in those positions. Women make up 47 per cent of the firm’s workforce. However, 27 per cent of the firm’s partners are women and 43.3 per cent of its directors.
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