Men Earning More At Central Bank According To Gender Pay Gap Report

The Central Bank has today published its annual Gender Pay Gap Report and while the gap has fallen since 2022, men are still faring better than women when it comes to earnings.

The mean gender pay gap is 3.9% in favour of male employees, meaning that the average hourly pay for female employees is 3.9% less than their male colleagues.

The mean gender pay gap has decreased from 4.9% in favour of male employees in 2022.

Headline Results Gender pay gap is the difference between male and female employees average hourly rate of pay.

The Central Bank reports said that a gender pay gap is not the same as unequal pay.

Paying an individual less than a colleague for the same job (unequal pay), purely on account of their gender, is illegal under equality legislation.

The Gender Pay Profile as at 30^th June 2023 was 3.9% in favour of male employees. Gender distribution between male and female employees has remained at 51% male: 49% female.

This median gap means that for every €1 a male employee receives, a female employee receives 99.5 cent.

While the mean gender pay gap has narrowed, the overall representation levels between males and females remain stable at 51%:49% respectively.

Today we published our Gender Pay Gap Report for 2023, you can read it in full here - https://t.co/yvk9KYtzJf pic.twitter.com/ppSR5LomM3

— Central Bank of Ireland (@centralbank_ie) December 12, 2023

The Bank’s gender pay gap is said to be driven by a variety of factors including male and female representation at each job grade, length of service, time at grade and distribution of overtime and allowances.

Women represent 52% of the lowest earners at the bank and 46% of the highest earners. The banks senior leadership team is 43% female.

The lowest proportion of women (19%) and largest proportion of men (81%) occupy the lowest-paid technical and general roles.

The pay gap is wider for part-time employees - 15.8% in favour of men.