Debates Forum

Debates Forum

  1. Standard memberuzless
    The So Fist
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    06 Apr '18 18:241 edit
    There is no pay gap. Women are not paid less money than men for doing the SAME job. Why does the media keep putting out headlines that appear to say companies pay their female employees less than their male employees for the same job? It's just not true. It's only when you read 5 or 6 paragraphs into the article that you find what they really meant to say, which is that women make less money than men because they are not in jobs that pay as much money as the jobs that men have.

    This is horrible, terrible journalism. they should be asking why women are in lower paying positions than men, not just simply focussing on the dollar value alone. Garbage reporting. It's an epidemic.
    ---------------------------------------
    Scotiabank, TD have widest U.K. gender pay gaps of Canada banks
    Scotiabank pays women 44 per cent less than men on average in the U.K., while Toronto-Dominion’s TD Securities operations saw women paid 43 per cent less than men.


    Bank of Nova Scotia and Toronto-Dominion Bank have some of the widest gender pay disparities among Canadian lenders in their U.K. operations, according to regulatory disclosures.

    Scotiabank, Canada’s third-biggest lender, pays women 44 per cent less than men on average in the U.K., with the gap widening to 72 per cent for bonuses, according to regulatory disclosures. Scotiabank’s London operations fall under the bank’s capital markets division, where the Toronto-based bank employs about 300 people, of which 35 per cent are women.

    “Scotiabank’s U.K. operations is solely a wholesale bank,” the lender said in a statement. “The industry-wide disproportionate representation of men in front office roles in this business impacts the extent of a pay gap. We know there is still work to be done to increase gender diversity at senior levels of the bank.”

    Toronto-Dominion’s TD Securities operations saw women paid 43 per cent less than men, with the gap widening to 63 per cent for bonuses, a filing shows. Canada’s second-biggest bank has 284 employees in its European capital markets business, based in London. Of the ranks, 31 per cent are women.

    “We look at our compensation programs on an ongoing basis to make sure that we are market competitive,” chief executive officer Bharat Masrani told reporters in Toronto last week. “For a similar type of role we also strive to make sure that it is gender neutral. Unfortunately some of these ratios that come out are not reflective. It’s not like-for-like jobs.”

    The pay gaps at Canada’s banks stand in contrast to the feminist agenda pushed by Prime Minister Justin Trudeau. Trudeau, who has a gender-balanced cabinet, released a budget in February that includes funding to narrow the pay gap among federal employers, help women into male-dominated jobs and provide five weeks of paid leave for new fathers who stay at home.

    Companies with 250 or more workers in Britain were required to report a uniform assessment of what women earn versus men by April 4. Some of the widest gaps have appeared at banks such as HSBC Holdings Plc and Goldman Sachs Group Inc., which pay women less than half of what men earn on average. That’s largely because women are under-represented in senior roles.

    Royal Bank of Canada, the country’s biggest lender, showed a range of disparity for its three U.K. entities — RBC Investor Services Trust, RBC Europe Ltd. and Royal Bank of Canada (London Branch). Across the divisions, women earn an average 39 per cent less than their male counterparts, and 69 per cent for bonuses, disclosures show. Among the Toronto-based bank’s U.K. divisions, the biggest gap was at RBC Europe, where women earned 51 per cent less than men.

    BlueBay Asset Management, a London-based money manager owned by Royal Bank, had an average hourly pay gap of 19 per cent between genders, and 56 per cent difference for bonuses, according to the firm’s disclosures.

    “We recognize that this is an important conversation and the industry has a lot of work to do in closing the gender pay gap,” Royal Bank said in a statement Thursday. “The UK Gender Pay Gap report does not compare pay between employees in similar roles for similar work; rather the difference in average pay between men and women arises because we have more men than women in senior roles.”

    Bank of Montreal, which owns F&C Asset Management in the U.K., had a pay gap of 34 per cent within its global asset management business in the country, and 82 per cent gap with bonuses, according to its filings.

    Hargreave Hale, the British money manager acquired by Canaccord Genuity Group Inc. in September, disclosed an average hourly pay gap of 82 per cent for women to men, and 93 per cent on bonuses. The firm employed 262 staff, which included 125 women.

    “We have analyzed our pay by gender which has revealed a sizable gender disparity in certain roles,” the firm said, according to its report. The company has very few women in more highly paid and senior management roles, the company said, and this has significantly impacted its pay gap.

    https://www.thestar.com/business/2018/04/06/scotiabank-td-have-widest-uk-gender-pay-gaps-of-canada-banks.html
  2. SubscriberSuzianne
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    06 Apr '18 23:58
    Originally posted by @uzless
    There is no pay gap. Women are not paid less money than men for doing the SAME job. Why does the media keep putting out headlines that appear to say companies pay their female employees less than their male employees for the same job? It's just not true. It's only when you read 5 or 6 paragraphs into the article that you find what they really meant to sa ...[text shortened]... hestar.com/business/2018/04/06/scotiabank-td-have-widest-uk-gender-pay-gaps-of-canada-banks.html
    "Can't tell if serious..."
  3. Zugzwang
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    07 Apr '18 04:311 edit
    Originally posted by @uzless
    There is no pay gap. Women are not paid less money than men for doing the SAME job. Why does the media keep putting out headlines that appear to say companies pay their female employees less than their male employees for the same job? It's just not true. It's only when you read 5 or 6 paragraphs into the article that you find what they really meant to sa ...[text shortened]... hestar.com/business/2018/04/06/scotiabank-td-have-widest-uk-gender-pay-gaps-of-canada-banks.html
    Uzkess ignores the reality that some ("pink collar" ) jobs are made lower-oaying
    apparently BECAUSE they are dominated by women.

    At one time, about all secretaries were men, and the job was relatively
    high-paying and prestigious. After the occupation became dominated
    by women, it became lower in pay and prestige. After all, if a mere
    woman can do the job, then it cannot be worth much in the first place.
  4. Stargazing
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    07 Apr '18 08:22
    Find the truth in this thread of extremes, you will not.

    Yoda
  5. Germany
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    07 Apr '18 08:24
    Originally posted by @uzless
    There is no pay gap.
    Yes, there is.
  6. Standard membershavixmir
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    07 Apr '18 09:59
    Originally posted by @uzless
    There is no pay gap. Women are not paid less money than men for doing the SAME job. Why does the media keep putting out headlines that appear to say companies pay their female employees less than their male employees for the same job? It's just not true. It's only when you read 5 or 6 paragraphs into the article that you find what they really meant to sa ...[text shortened]... hestar.com/business/2018/04/06/scotiabank-td-have-widest-uk-gender-pay-gaps-of-canada-banks.html
    Obviously you didn’t do too much research into the matter.

    Besides the fact that women have less chance of equal job (so are paid inherently less), even when doing the same job there’s a wage difference.

    Here you go: https://www.payscale.com/gender-lifetime-earnings-gap

    Just google it and you’ll get hundreds of sites with statistics blowing your theory out of the sexist-pool.
  7. SubscriberWajoma
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    07 Apr '18 12:16
    Originally posted by @shavixmir

    Besides the fact that women have less chance of equal job (so are paid inherently less), even when doing the same job there’s a wage difference.

    If women were paid less "even when doing the same job"

    That would mean companies acting against their own best interests hire more expensive men for "doing the same job" Not only do they pay more for men, they hire more men 🙄 the more expensive men 🙄

    That is shav's business know-how working at maximum capacity.
  8. SubscriberWajoma
    Die Cheeseburger
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    07 Apr '18 12:37
    Originally posted by @shavixmir

    Here you go: https://www.payscale.com/gender-lifetime-earnings-gap

    shav you did research your own link didn't you? You didn't just look at the headline and grab any old stats did you?

    Because they came up with some interesting numbers, nothing like 40% 43% 44% nothing in that area.
  9. Germany
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    07 Apr '18 13:19
    Originally posted by @wajoma
    If women were paid less "even when doing the same job"

    That would mean companies acting against their own best interests hire more expensive men for "doing the same job" Not only do they pay more for men, they hire more men 🙄 the more expensive men 🙄

    That is shav's business know-how working at maximum capacity.
    Wow, could it be that people don't act completely rationally all of the time? You're on to something here, I think!
  10. SubscriberWajoma
    Die Cheeseburger
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    07 Apr '18 13:28
    Originally posted by @kazetnagorra
    Wow, could it be that people don't act completely rationally all of the time? You're on to something here, I think!
    That has long been my diagnosis of shav, I see you're on board.
  11. Standard membershavixmir
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    07 Apr '18 14:26
    Originally posted by @wajoma
    shav you did research your own link didn't you? You didn't just look at the headline and grab any old stats did you?

    Because they came up with some interesting numbers, nothing like 40% 43% 44% nothing in that area.
    Who said 40%
  12. Standard membershavixmir
    Guppy poo
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    07 Apr '18 14:28
    Originally posted by @wajoma
    If women were paid less "even when doing the same job"

    That would mean companies acting against their own best interests hire more expensive men for "doing the same job" Not only do they pay more for men, they hire more men 🙄 the more expensive men 🙄

    That is shav's business know-how working at maximum capacity.
    Exactly.
    Now, think. If they’re willing to pay more for exactly the same... that probably means they either don’t want women in those jobs (sexism), they’re stoopid or they’ll only tale women on if they ask for less money.
  13. Joined
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    07 Apr '18 23:25
    Women, The down fall of man.
    Adam and Eve for example.
  14. SubscriberWajoma
    Die Cheeseburger
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    08 Apr '18 00:381 edit
    Originally posted by @shavixmir
    Who said 40%
    Shavalisa: "Obviously you didn’t do too much research into the matter."

    It's number from the OP, it's a number from the post you were replying to. Uzless expressed doubt at the number and the reporting, do you think it is a good number? It seems to me that it is Uzless saying (paraphrasing) 'do some research', to which you're replying 'do some research'.

    Like uzless when I see stats a bit too good to be true the alarm bells go off. (KN learnt a lesson on this recently) Let us say that the difference is actually only 1-4% would this be an acceptable statistical discrepancy to you?

    Anybody that wants to post stats I thoroughly recommend the short read "How to Lie with Statistics" by Darrell Huff. The first thing to be wary of is it costs time and money to compile stats so (like the news) there is usually an agenda there, a bias, a pre-conceived angle. Use that as a starting point. No surprises that stats and polls commissioned by the goobermint busybodies and control freaks come back with the same conclusion i.e. more goobermint is better, we need more goobermint, goobermint is doing a great job, if only we had more.
  15. SubscriberSuzianne
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    08 Apr '18 00:471 edit
    Originally posted by @sergeantpmain
    Women, The down fall of man.
    Adam and Eve for example.
    So you won't be bothered too much if we make sure that you have no contact with any.

    Does your wife agree with you by the way? Is she one of these lie-to-get-along-with-men types? Or does she have her own mind (not that you would notice, probably) and disagree?

    I'm betting the first reaction to your statement by most women is a good laugh, followed by a frown when they realize you're serious.
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