Europe's Finance Board Gender Pay Gap Worsens

In Europe, the pay difference between men and women on the boards of financial companies got bigger in 2024.

Women earned only 62% of what men earned, which is the biggest gap since 2019.

Even though more women are being hired for these board positions, their pay is not catching up to men's.

In North America, the gap is smaller, with women earning 94% of what men earn.

Globally, women on these boards earn 22% less than men.

Experts say that while having more women on boards is good, it doesn't automatically mean they will be paid the same as men.

They also point out that younger people, who might include more women, have important skills in technology that financial companies need.