The gap between bonuses paid to men and women working in the financial services sector is "shocking", according to a new study.
Research by the Equality and Human Rights Commission (EHRC), has revealed that women are paid an average of £2,875 a year in bonuses, 80 per cent less than the £14,554 paid to their male counterparts.
According to Trevor Philips, firms which take action to address this gap should be able to generate a competitive advantage.
He said: "By bringing down arbitrary barriers and changing practices that, intentionally or not, inhibit women's success, financial firms have the chance to boost morale, bring on new talent and maximise the potential of their existing employees."
Meanwhile, the Treasury Committee is currently investigating the issue of sexism in the City.
The body is looking into issues including flexible working, pay gaps and if there is a culture of inequality at some firms.
Show me Finance Analyst jobs.
