Women's pay

Jul 02 2002 by Print This Article

It seems inconceivable that more than 30 years after women's liberation, female employees battling for equal pay rights should make front page news today.

Unfortunately, recent compensation pay-outs prove that this is irrefutably not the case.

For example, Julie Bower notably won a 1.4 million pay-out from Schroder Securities in a sex discrimination and unfair dismissal case and at the moment, former media analyst at Investec Hendersen Crosthwaite Louise Barton is also seeking damages from her former bosses at an employment tribunal.

Whatever the rights or wrongs of the two cases, it is perhaps the more pertinent issue that pay for women continues to lag behind male colleagues particularly in the investment banking sector.

Surveys frequently point out that female pay equates to approximately 80 per cent of their male colleagues. Incredibly, the same surveys often point out that this at least represents a narrowing of the pay gap as if that is cause for celebration.

It most definitely is not. Until the macho culture is taken out of the workplace, companies will continue to promote an environment that is not conducive to getting the best out of people. And, if some of those face seven figure compensation claims as a result, then they will have no one to blame but themselves.

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