Our progress in advancing gender pay equity in the workplace

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This year, we have remained dedicated to promoting gender equality across the business, and our latest gender pay gap data highlights the significant progress we are making. 

We have made year-on-year improvements across all our main gender pay metrics, not only eliminating our median gender pay gap but also improving it from 0.6% in favour of men to 9.4% in favour of women. Additionally, our mean gender pay gap has fallen from 9.4% to 7.5%. These figures are notably below the UK average as reported by the Office for National Statistics in 2023. 

Currently, more than two thirds of our employees are women, and as we continue to develop initiatives focusing on progressing women into senior leadership positions, we have observed a notable increase in the number of women occupying roles in the upper middle and top pay quartiles of our organisation. 

Our priorities continue to be shaped by our colleague-led networks who strive to deliver tangible change for the thousands of employees they represent. Utilising feedback from colleague surveys, forums and the Gender Pay Gap Working Group, the networks have been instrumental in implementing a range of new and improved family leave policies. 

Looking ahead, we remain focused on initiatives that foster a more inclusive and diverse workplace. This includes embedding flexible working and recruitment practices, working with employees to develop progression opportunities and reviewing our bonus policies across the business to ensure equitable practices for all. 

Find out more about this year’s results and our plans for the future in our 2024 Gender Pay Gap Report.  

26 June, 2024