Citigroup announced last year that they would be initiating a review of their gender pay distribution, beginning with a look at operations in three countries; they've recently said that they are now extending that review to a global base. Included in this process, as well, are minority- versus non-minority pay gaps, as well.
Citi are the first large financial group to voluntarily conduct this sort of internal assessment; but that's not the only thing that makes this news remarkable. They are also publicizing their findings, acknowledging that, while they are making progress, there is still work to be done.
Curo applauds the work that Citigroup are doing, and we anticipate that this will be the beginning of a broader trend. As large corporations begin to show leadership in pay equity, smaller businesses will be encouraged to keep up in the interests of transparency, fairness, and equality.
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