Summary
The Advanced Gender Pay Gap 2018 Report details the company's commitment to addressing gender pay disparity within its workforce. It outlines the definitions of equal pay versus the gender pay gap, emphasizing that while equal pay is maintained for similar roles, a gender pay gap exists due to the higher number of men in senior positions. The report presents statistical data showing a reduction in the mean gender pay gap from 22.8% in 2017 to 20.2% in 2018, although the median pay gap increased from 19.8% to 25.7%. Additionally, it discusses the gender bonus gap, noting an increase in the mean gender bonus gap to 57% in 2018. The report also highlights initiatives aimed at improving gender diversity in recruitment and internal promotions, with a focus on creating a bias-free hiring process. It concludes with a commitment to ongoing efforts to reduce the gender pay gap and improve representation of women in higher-paid roles.
