Rain clouds pass over Canary Wharf financial financial district in London, Britain July 1, 2016. (REUTERS/Reinhard Krause/File)
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Almost 80 percent of high earners in Britain are male and the gender pay gap among the nation's richest will not close for another 36 years at current rates of progress, a study showed Monday.The gender pay gap, which measures the difference between the average hourly salary of men and women, at HSBC (HSBA.L), Britain's biggest bank, grew to 61 percent in the year to April 2018, up from 59 per cent a year earlier."This isn't necessarily a reflection of the ethos of the company, or their determination to instil change, it's the sheer amount of bureaucracy and long entrenched work cultures that slow this intention down drastically," Pemberton said.Among companies narrowing their gender pay gap was Royal Dutch Shell (RDSa.AS) whose female employees in Britain earned on average 18.6 percent less than their male colleagues in 2018, the company said last year, narrowing the pay difference from 2017's 22.2 percent.
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