Citigroup releases updated wage gap data

One year ago, Citigroup became the first major U.S. company to disclose raw, unadjusted data regarding its median pay gaps on a global level, and in January 2020, it released updated data revealing the progress it has made in narrowing those gaps.

Specifically, Citigroup reported that the unadjusted pay gap for women across the company has decreased from 29% to 27%, and in the United States, the pay gap for employees of color is down to 6% from 7% a year ago. Citigroup remains one of the few companies willing to disclose unadjusted data regarding its pay gap, while most of its competitors use "adjusted" analyses that account for factors such as job function, level, and geography.

Notably, Citigroup reports that on an adjusted basis, the compensation of female employees is, on average, over 99% of what men are paid at the company. Citigroup acknowledges that the stark difference between the adjusted and unadjusted analyses reveals a need to increase female and minority representation in top roles, and the company has set specific goals to accomplish that over the next year.

European Commission proposes new pay equity directive

We previously reported on the ongoing efforts in the European Union to combat the gender pay gap, including the European Commission's pledge to introduce new pay equity legislation. On January 6, 2020, the commission followed through on that pledge by proposing a new directive with the purpose of: