mo4ch:>Gender pay reporting a 'blunted instrument' as gaps widen

Gender pay reporting a 'blunted instrument' as gaps widenGender pay reporting a 'blunted instrument' as gaps widenBy Eleanor Lawrie & Ben ButcherBBC News 9 March 2020 Image copyrightGetty ImagesMany financial firms are paying the average man almost 25% more than the average women, with HSBC posting an overall pay gap of 47.8%.It is the third year UK organisations with more than 250 employees have been legally required to publish a snapshot of their gender pay gap.Of the financial and insurance firms reporting so far, the gap has risen to 23.1%, from 22.2% two years ago.Across all employees and sectors, the ONS estimates the gap is 17.3%. The gender pay gap is the difference between average hourly earnings for men and women across an organisation. So far, only a quarter of financial firms have reported their figures, less than one month before the deadline. The BBC looked at a company's median pay gap - that is the difference in pay between the middle-ranking woman …