Singapore Financial Firms Shrunk Gender Pay Gap by Nearly Half
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The gender pay gap for women working in Singapore’s finance industry narrowed to 15.6% in 2022, almost half the 27.1% gap of a decade ago, the city-state’s Ministry of Manpower said in a response to a question from a lawmaker on Tuesday.
The remaining difference between what women earn, on average, compared with their male peers, is because higher-paying, senior positions are more often held by men, the ministry said. It also cited hours worked, experience and education.