Yes. Gender Pay Gap Reports and discovery. Gender discrimination in pay is clearly unlawful. But men often have control over compensation decisions (especially on Wall Street) and many of these men have been unwilling to change.  While there is plenty of broad statistical evidence that women in the United States are paid less than men, women often fail to act because they do not know just how badly they are underpaid. Women who work for large, international employers should investigate whether their employer publishes a Gender Pay Gap Report.  Businesses that employ more than 250 people in the United Kingdom are required to publish an annual “Gender Pay Gap Report.”  This report shows the annual mean and median difference in both base pay and bonuses between men and women.  According to an April 4, 2024, article in Financial News London, seven out of the ten firms with the biggest gender pay gaps in the UK were banks.  HSBC, Rothschild and JP Morgan have the biggest gender pay gaps amongst banks.  HSBC was forced to reveal that its median hourly pay rate for women was 48.3% lower than the rate paid to men.  Goldman Sachs reported a 54% gender pay gap.  Does this mean anything for women who work in the United States?  In November 2023, Goldman Sachs agreed to pay $215 million to settle a gender discrimination case that was filed in New York.  It is reasonable to conclude that organizations that pay women substantially less than men in the UK do the same in the United States. The United States does not currently have a pay transparency law like the law in the UK.  But a plaintiff in the United States has broad rights to obtain information about their employer’s gender pay gap in the discovery phase of a lawsuit.  Should you sue your employer over unequal pay? That depends on your personal circumstances. But a successful equal pay plaintiff makes a powerful statement against gender discrimination. State laws, especially in New York, Massachusetts and California, impose significant penalties on employers that pay women less than men. Under the New York Equal Pay Act, for example, a women who was paid less than a male comparator for substantially similar work is entitled to recover the difference in pay. plus three times that amount as liquidated damages. Under this law, a women who works on Wall Street and is paid a bonus that is $100,000 less than her male counterpart may be able to recover as much as $400,000 for that disparity. That women does not have to prove she was a better performer, she only has to show that she and her colleague were performing “substantially similar” work. Contact The Working Solutions Law Firm Today! Do you suspect you are paid less than your male colleagues? If so, the employment lawyers at the Working Solutions Law Firm can provide a free legal screening and help you figure out your next steps. Contact us today at (646) 430-7930 or click this link and fill out the form to schedule a free case evaluation.