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Virgin Money reports 36% mean gender pay gap

Virgin Money has reported an average 36% gender pay gap in their 2016 annual report. According to the report, the financial services organisation had a mean gender pay gap of 36% in 2016 and is expected to achieve gender parity by 2020.

Virgin Money has already launched initiatives to meet this target, including a flexible-working rota to increase job sharing opportunities, more opportunities to enable employees to work remotely and new IT infrastructure that aims to promote flexible working opportunities. Further action to address the gender pay gap includes setting bonus targets for all senior leaders to improve gender balance, extending unconscious bias training and offering a maternity mentoring scheme to all staff.