We reported our Gender Pay figures on the Government website in line with the legal requirement for all companies who employ over 250 people to do so. 

 

Our median Gender Pay Gap for 2023/2024 is 12.8% and the mean is 33.5%.  

 

The reason for the two different numbers is that they are calculated in two different ways. The median pay gap takes everyone’s salaries in the business, lines them up from lowest to highest and then takes the middle salary. The mean pay gap is the difference between the average hourly earnings of men and women. 

 

Any mean number is skewed by the highest and lowest salaries in the business, so the median is seen to be the more representative. 

 

In senior management positions/the upper quartiles pay, and bonus, are both heavily linked to the delivery of commercial performance, and therefore show bigger variance than at other levels of our business.

 

It’s important to remember that the Gender Pay Gap measures the difference between men’s and women’s average earnings across the whole business. These metrics do not compare the pay received by men and women for doing the same job with the same level of experience and performance; this is known as Equal Pay.

 

Equal Pay has been a legal requirement in the UK since 1970 and this something that we continuously monitor. We regularly review salaries and have recently undertaken a full job levelling review to ensure our commitment to paying equally for the same job (and for equal levels of experience) is robust.