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| HSBC reveals big gender pay gap | HSBC reveals big gender pay gap |
| (35 minutes later) | |
| HSBC has reported a 29% median gender pay gap for its UK banking operations. | |
| However, the company also reported a 59% gap on the mean measure for hourly pay for 2017. | |
| HSBC has a median gap of 61% for bonus payments between its male and female employees. | |
| The bank said it had fewer women in senior management roles, while many top global roles were based in the UK, where its group head office is based. | The bank said it had fewer women in senior management roles, while many top global roles were based in the UK, where its group head office is based. |
| Elaine Arden, group head of human resources, said: "If we identify any pay differences between men and women in similar roles, which cannot be explained by reasons such as performance/behaviour rating or experience, we make appropriate adjustments." | Elaine Arden, group head of human resources, said: "If we identify any pay differences between men and women in similar roles, which cannot be explained by reasons such as performance/behaviour rating or experience, we make appropriate adjustments." |
| The 29% figure is more than double the 14.2% reported by Barclays for its UK retail banking operations for 2017, but lower than Lloyds Banking Group (42.7%) and Royal Bank of Scotland (36.5%). | |
| All firms with more than 250 staff must report their gender pay gap to the government by 4 April. | All firms with more than 250 staff must report their gender pay gap to the government by 4 April. |
| The median figure refers to the midpoint of all workers' salaries from lowest to highest paid. | The median figure refers to the midpoint of all workers' salaries from lowest to highest paid. |
| The mean describes the total wage bill divided by the number of employees, which means it can be skewed by a small number of very highly paid workers. | The mean describes the total wage bill divided by the number of employees, which means it can be skewed by a small number of very highly paid workers. |