JPMorgan reveals gender pay gap at 1%

JPMorgan Chase

JPMorgan Chase said Friday that its female employees earn 99% of what male employees make globally, making it the fifth large U.S. bank to disclose an adjusted gender pay gap of around one percent.

Bloomberg News reports that people of color employed by the bank earned more than 99 percent of what white workers made, according to an internal note sent to employees. The company is strongly committed to diversity, said Robin Leopold, head of human resources, adding, “We know we can always do more, and we will.”

As a growing number of financial firms reveal whether men and women are compensated equally, they have clustered around 99% parity, after adjusting for factors such as job role, seniority and locale.

In addition to Wells Fargo, Bank of America, Citigroup and Bank of New York Mellon, MasterCard last week reported that its gender pay gap was around 1%.

Hit the link below to access the complete Bloomberg News article:

JPMorgan Joins U.S. Banks Showing Pay Gap for Women of Only 1%

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