Huge gender pay gap at HSBC

Men paid more in 78% of employers

The figures were revealed after all United Kingdom companies with 250 or more employees were required to publish the information by midnight.

The gender pay gap is calculated as the difference between the average salaries of men and women but it is not the same as equal pay, where firms are required to pay people doing the same job the same salary, regardless of gender.

Companies who have not filed their pay gap figures will face legal action including court orders and fines, the government has said, but they are to be given a month's grace first.

Analysis by the BBC shows that Scotland's biggest company, power firm SSE, paid women 19.3% less on average with one of its subsidiary companies, Scottish Hydroelectric Transmission, paying 36.1% less to women.

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Draft legislation to compel Irish companies to publish their gender pay gap should be implemented in the wake of similar legislation in the UK, Labour Senator Ivana Bacik has said.

Vice informed staff of these figures on Thursday, although the company was not required to do so as none of its individual United Kingdom operations, which include its television division, fashion title iD and production business Pulse, have more than 250 employees, which is the legal cut off to file publicly. However, it is possible that the process is so traumatic that it does indeed leave permanent scars, psychologically crippling females, since another recent study reportedly found that 40 per cent of millennial women experienced self-doubt at work compared with 22 per cent of men.

Companies in the United Kingdom weren't required to provide yearly pay data for the database until April 5th, 2017, and they were given a deadline of April 5th, 2018.

In the top ten with the worst gender pay gap is Ryanair and the holding company for Millwall FC.

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She said: "We believe, as we are now seeing in the United Kingdom, that by shining the spotlight on any gender based pay discrepancies, companies can address and remedy such inequalities where they exist".

Equality campaigner The Fawcett Society said pay gap reporting "forces employers to look at themselves and understand their organisations, and it prompts employees to ask some hard questions".

"By finding out what their colleagues earn they are then in a position to challenge any pay inequality".

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