Average 19% gender pay gap across Irish banks is ‘worrying’, says union via IrishTimesBiz
“The gender pay gap can best be resolved through a willingness of employers to engage with unions and agree action plans that puts this issue as a core objective of their business plan. This is not currently the position, and I would call on each bank to engage constructively with the FSU on agreeing their individual action plans that can be implemented across all areas of the bank.
This is a real opportunity for the retail banks to show the culture in the banking sector is changing and is becoming more inclusive and transparent. The union published a report last year which called on banks to agree to annual targets to narrow gender pay gaps and audit pay increases and performance ratings each year for fairness and equality.
Mr O’Connell said that the publication of the data is an important start in understanding the issue. “It is now incumbent on all to act on the data and work together to resolve this key issue and thereby making the finance industry an attractive place to work for all,” he said.
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