Citi, Lone Bank to Detail Pay by Gender, Starts to Close Gap
- The company’s female employees now make 27% less than the men
- Citigroup sees need to promote more women into high-level jobs
A Citigroup Inc. bank branch in New York.
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
Citigroup Inc. has narrowed the pay gap between men and women in its global workforce in the last year, the company said.
Female employees now make 27% less than men do, an improvement from 29% a year ago, according to a memo to employees from Sara Wechter, the bank’s head of human resources. The company also found that, among its U.S. employees, people of color now earn 6% less than their white colleagues, an improvement from 7% a year ago.