Ireland gender pay gap key points
- For Ireland gender pay gap reporting requirements, companies must disclose the mean (average) and median pay gap between women and men across an entire organization. The report does not focus on the compensation that women and men receive for performing the same or comparable roles.
- The Ireland gender pay gap report shows that as of July 2022, we have a median Ireland gender pay gap of 20% and a mean Ireland gender pay gap of 19%.
- The underlying reason for our gender pay gap is that there are more men than women in senior roles and in some functions that can carry a higher level of compensation, making the ‘average’ pay for men higher than the ‘average’ pay for women.
- We continue to work hard to improve gender balance through our attraction, development and engagement programs which focus on bringing female talent to our company, advancing women at all levels and supporting economic empowerment of women around the world.
Read the full 2022 report here
Equal pay at Bank of America
Gender pay is not the same as equal pay, which is ensuring that that men and women in similar positions receive comparable pay. Our company compensates our employees fairly and equitably based on performance, with equal pay for equal work. We maintain robust policies and practices reinforcing our commitment, including analyses from outside experts, with oversight from our Board and senior leaders.
The results of our 2021 enterprise review of equal pay for equal work showed that compensation received by women was on average more than 99% of that received by men.