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Women in BoI are paid 24pc less on average


Photo: Getty

Photo: Getty

UIG via Getty Images

Photo: Getty

WOMEN are paid 24pc less on average at Bank of Ireland because men hold the lion's share of top posts.

The bank revealed this yesterday as it became the first Irish bank to publish its gender pay gap data. UK banks have done this since 2017.

CEO Francesca McDonagh - Bank of Ireland's first female leader in its 237-year history - said the bank wants women to win at least half of all senior appointments by 2021.

"Bank of Ireland has a gender pay gap because we have fewer women in senior roles than men. I'm focused on taking action to close the gap as soon as we can," she said.

The bank said 44pc of vacancies for senior posts last year went to female candidates, up from 38pc in 2018.

Bank of Ireland's imbalance mirrors the wider financial services industry.

The CSO reported last month that women employed at banks and other financial firms are paid €25,000 less than male colleagues - €74,000 for men versus €49,000 for women.

It found that women dominate lower pay scales. The gap shifts in men's favour once pay tops €60,000.

Of 1,100 people nationwide in financial services posts paid more than €300,000, it said only 200 are women.

Irish Independent