The Financial Times reported that its mean gender pay gap for fixed hourly pay as of April 2020 is 15.9%. Women employees make 84p for every £1 their male counterparts earn. According to the company, its pay gap is in line with the government’s gender pay gap reporting regulations.
When it comes to bonuses, 85% of female employees and 86% of male employees received bonus payments over the reporting period. The median gender pay gap for bonuses increased from 18.4% in 2019 to 18.8% in 2020. The mean gender pay gap for bonus payments also increased from 20.7% in the last year to 28.6%.
The company also reported that 38% of employees in the highest pay quartile are women, 41% in the second quartile, 52% in the third and 60% in the lowest pay quartile. Chief executive John Ridding said they are committed to creating a more diverse workforce and promoting inclusion as both an employer and a publisher. He also said they plan to publish a comprehensive annual diversity report in 2021 to map their performance across all grounds of diversity.