Citigroup offered an uncharacteristically blunt assessment of the pay gap between men and women in its global workforce Wednesday, revealing that female employees earn 29% less than men do.
Bloomberg News reports that the disclosure – a comparison of median total compensation – offers a more complete picture of pay, compared with the figures Citigroup and other big banks released last year under pressure from shareholders in the U.S. and regulators in the U.K.
The bank also reported that, among its U.S. employees, people of color earn 7% less than their white colleagues.
“The numbers are difficult,” said Sara Wechter, Citigroup’s global head of human resources. “We should obviously be at 100 percent parity, and that’s what we’re striving for.”
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