The mean gender pay gap is 3.9% in favour of male employees, meaning that the average hourly pay for female employees is 3.9% less than their male colleagues.
The mean gender pay gap has decreased from 4.9% in favour of male employees in 2022.
Headline Results Gender pay gap is the difference between male and female employees average hourly rate of pay.
The Central Bank reports said that a gender pay gap is not the same as unequal pay.
Paying an individual less than a colleague for the same job (unequal pay), purely on account of their gender, is illegal under equality legislation.
The Gender Pay Profile as at 30th June 2023 was 3.9% in favour of male employees. Gender distribution between male and female employees has remained at 51% male: 49% female.
This median gap means that for every €1 a male employee receives, a female employee receives 99.5 cent.
While the mean gender pay gap has narrowed, the overall representation levels between males and females remain stable at 51%:49% respectively.
The Bank’s gender pay gap is said to be driven by a variety of factors including male and female representation at each job grade, length of service, time at grade and distribution of overtime and allowances.
Women represent 52% of the lowest earners at the bank and 46% of the highest earners. The banks senior leadership team is 43% female.
The lowest proportion of women (19%) and largest proportion of men (81%) occupy the lowest-paid technical and general roles.
The pay gap is wider for part-time employees - 15.8% in favour of men.
