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  • Pages
01 Our Gender Pay Gap Report
02 Welcome
03 Overview of Results
04 What causes our gender pay gap
05 Our Gender Pay Gap Figures
06 Our Ethnicity Pay Gap Figures
07 Gender Pay and Bonus Figures for Full Equity Members (FEM)
08 Gender Pay and Bonus Figures for Fixed Share Members (FSM)
09 Statement of Accuracy

Our Ethnicity Pay Gap Figures

Of the 72% of our colleagues who have shared their ethnicity, 17% have identified as being from a minority ethnic background.

Employee Ethnicity Pay Gap

Mean

-0.4%

2021

Mean

-0.3%

2022

Median

-0.6%

2021

Median

-0.9%

2022

Our mean ethnicity pay gap is -5.3% in favour of minority ethnic colleagues:

The gap has decreased by 1.1 percentage points since our 2021 figure

Our median gender pay gap is -10.9% in favour of minority ethnic colleagues:

This gap has widened by 1.7 percentage points since our 2021 figure

Hourly Pay Quartiles

As shown below, the percentage in each quartile. We’ve seen an increase in the proportion of minority ethnic colleagues in all pay quartiles, except quartile 1 (lowest pay quartile).

Employee Ethnicity Bonus Gap

Mean

-0.5%

2021

Mean

-0.9%

2022

Median

0.4%

2021

Median

-0.8%

2022

This has been calculated using bonus amounts paid.

Proportion of White British and minority ethnic colleagues who were paid a bonus in the 12 months ending 5 April 2022:

White British – 2021

White British – 2022

0.5%
0.5%

Minority Ethnic – 2021

Minority Ethnic – 2022

0%
0.9%

Gender Pay and Bonus Figures for Full Equity Members (FEM)

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