Citi shows progress on closing pay gaps

Women at Citi are paid on average more than 99% of what men are paid, when job function, level and geography are taken into account. There also is no statistically significant difference in adjusted compensation for US minorities and non-minorities, the company said in a Jan. 15 statement. When those numbers are unadjusted, however, they fall to 73% (up from 71% last year) and 94% (up from 93%), respectively. "Continuing to reduce our raw pay gap requires that we make progress on our representation goals – to increase representation at the Assistant Vice President through Managing Director levels to at least 40% for women globally and 8% for Black employees in the US by the end of 2021 – which we are committed to doing," Sara Wechter, head of human resources, said in the statement.

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