JPMorgan Joins U.S. Banks Showing Pay Gap for Women of Only 1%
- Lender becomes the fifth big U.S. bank to report 99% parity
- Men comprise half the workforce, majority of execs, directors
A pedestrian walks past JPMorgan Chase & Co. headquarters in New York.
Photographer: Scott Eells/Bloomberg
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JPMorgan Chase & Co. said Friday that its female employees earn 99 percent of what male employees make globally, making it the fifth large U.S. bank to disclose an adjusted gender pay gap of around one percent.
People of color employed by the bank earned more than 99 percent of what white workers made, according to an internal note sent to employees. The company is strongly committed to diversity, said Robin Leopold, head of human resources, adding, “We know we can always do more, and we will.”