Deloitte U.K. Women, Partners Included, Paid 43% Below Men
Deloitte’s U.K. division said its female staff are paid 43.2 percent less on average than male employees.
(Bloomberg) -- Deloitte’s U.K. division said its female staff are paid 43.2 percent less on average than male employees -- one of the wider gender gaps reported so far, but also one that included the high-earning partners that similarly structured firms have been excluding from their data.
Britain is requiring companies with more than 250 employees to provide authorities with data on how they pay staff by April 4. In July, the accounting and consulting firm published a mean salary gap for its employees of just 18.2 percent, excluding those equity partners.
Some professional-services firms had argued that as owners of the business, partners didn’t need to be included in the data. That prompted outrage from members of both main political parties, with Conservative lawmaker Nicky Morgan accusing law and accounting firms of exploiting a “loophole.”
Deloitte "listened to the calls for firms such as ours to do more in how we report gender pay data," David Sproul, the firm’s senior U.K. executive, said in a statement Wednesday. "We are firmly committed to transparency and achieving consistency in gender pay reporting standards."
Law firms Linklaters and Pinsent Masons have reported that female employees earn 23 percent and 22 percent less on average, respectively, than their male colleagues, while EY reported a gap of 20 percent. All of those firms excluded their high-earning partners. Barclays Plc said its corporate and investment bank paid female staff an average of 48 percent less than male employees. PwC said Thursday it would republish its gender pay report, including partner income, in the “next few days.”
“These calculations again serve as a stark reminder that we don’t have enough women in senior roles – this is not about unequal pay, but the shape of our firm,” said Emma Codd, managing partner for talent at Deloitte U.K.
EY has also compiled revised figures, according to a report in the Financial Times Wednesday. Including partners, women at EY are paid 38 percent less on average than male staff, the FT said.
To contact the reporter on this story: David Hellier in London at dhellier@bloomberg.net.
To contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net, Keith Campbell, Paul Armstrong
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