Lender releases data as part of race action plan, and says gap is due to lack of black staff in top roles
Lloyds Banking Group has revealed that its black staff are being paid nearly 20% less than their colleagues, as it became the first major UK bank to disclose its black pay gap.
Britain’s biggest high street lender said the earnings gap was due to a lack of black staff in senior positions that come with larger salaries and bigger bonuses. Figures released as part of its wider race action plan showed the median pay gap between black staff and their colleagues was 19.7%, while the bonus gap stood at 37.6%.
