As of 2021, the mean gender pay gap in the activities auxiliary to financial services and insurance activities in the United Kingdom (UK) was approximately 26.5 percent. This meant that on average male employed in the financial service activities sector earned 26.5 percent more than a female employee.
Mean gender pay gap of full time employees in the financial and insurance sector in the United Kingdom (UK) in 2021, by subsector
Gender pay gap (GPG) - calculated as the difference between average hourly earnings (excluding overtime) of men and women as a proportion of average hourly earnings (excluding overtime) of men. For example, a 4% GPG denotes that women earn 4% less, on average, than men. Conversely, a -4% GPG denotes that women earn 4% more, on average, than men.
** Mean - a measure of the average which is derived by summing the values for a given sample, and then dividing the sum by the number of observations (i.e. jobs) in the sample. In earnings distributions, the mean can be disproportionately influenced by a relatively small number of high-paying jobs.
The source provides further information: "ASHE is based on a 1% sample of employee jobs taken from HM Revenue and Customs (HMRC) Pay As You Earn (PAYE) records. Information on earnings and hours is obtained from employers and treated confidentially. ASHE does not cover the self-employed nor does it cover employees not paid during the reference period." *** Estimates are considered reasonable quality
Profit from additional features by authenticating your Admin account
Please authenticate by going to "My account" → "Administration".
Then you will be able to mark statistics as favourites and use personal statistics alerts.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
Office for National Statistics (UK). (October 26, 2021). Mean gender pay gap of full time employees in the financial and insurance sector in the United Kingdom (UK) in 2021, by subsector [Graph]. In Statista. Retrieved January 22, 2022, from https://www.statista.com/statistics/824090/mean-gender-pay-gap-finance-and-insurance-uk/
Office for National Statistics (UK). "Mean gender pay gap of full time employees in the financial and insurance sector in the United Kingdom (UK) in 2021, by subsector." Chart. October 26, 2021. Statista. Accessed January 22, 2022. https://www.statista.com/statistics/824090/mean-gender-pay-gap-finance-and-insurance-uk/
Office for National Statistics (UK). (2021). Mean gender pay gap of full time employees in the financial and insurance sector in the United Kingdom (UK) in 2021, by subsector. Statista. Statista Inc.. Accessed: January 22, 2022. https://www.statista.com/statistics/824090/mean-gender-pay-gap-finance-and-insurance-uk/
Office for National Statistics (UK). "Mean Gender Pay Gap of Full Time Employees in The Financial and Insurance Sector in The United Kingdom (Uk) in 2021, by Subsector." Statista, Statista Inc., 26 Oct 2021, https://www.statista.com/statistics/824090/mean-gender-pay-gap-finance-and-insurance-uk/
Office for National Statistics (UK), Mean gender pay gap of full time employees in the financial and insurance sector in the United Kingdom (UK) in 2021, by subsector Statista, https://www.statista.com/statistics/824090/mean-gender-pay-gap-finance-and-insurance-uk/ (last visited January 22, 2022)
