Published: To progress on equality, we need more pay transparency.
When The Equality Trust looked at women’s remuneration in FTSE 100 companies and their subsidiaries in 2019 we found pay gaps that were over 50% and bonus gaps at over 80%. There were huge differences within the same sector and even within the same group of holdings.
In 2020, we found there were still large gender pay gaps in organisations such as Rush Hair (69.2%), Yours Clothing (59% and bonus gap: 88%), and HSBC Bank (55.1% and bonus gap: 68.5%).
Other high street names reporting high gender pay gaps in 2019 chose not to report in 2020, such as Sweaty Betty (63.9%), Virgin Atlantic (58.9%), Karen Millen (53%) and Monsoon (50.8%).