Heidy Rehman

Why we need a better way of talking about ‘equal pay’

I’ve grown to dislike the term ‘equal pay’. Without doubt women deserve to be paid the same as men for the same job performance, but it is the argument that stands against them. ‘Equal pay’ has an underlying tone of ‘it’s not fair’ – which is a weak position from which to negotiate.

I say this from experience, as a woman in the City who could and should have been paid more than her male counterparts. My argument was always equal pay. It failed me.

I was an equity research analyst at a large and prestigious US investment bank. Client rankings, as measured by the leading surveys (Extel and Institutional Investor), were the main indicators of job performance. In the last years of my career I was top ranked in both surveys across two disparate sectors (Chemicals and Construction /Industrials). As far as I am aware, no one else in the City has ever achieved this.

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