CRA was hired by a national retail and investment bank to assess claims that financial advisors were discriminated against based on gender. We integrated numerous data sources, including production data, compensation data, and detailed account information down to the transaction level. Our analysts compared the production, compensation, bonuses, and account reassignments from departing brokers to male and female advisors and found that that the practices of the bank were not consistent with the claims of the plaintiffs, particularly in outcomes that involved discretion on the part of decision makers. CRA also assisted the client in the production of various data sources.
Labor & Employment Literature Watch: Pay equity and the gender pay gap
Over the past few years, gender pay equity has become an increasingly prevalent topic in the news, popular culture, and politics. Take, for example, the case...