Women earn, on average, £0.85 for every £1 earned by men - a 15% gender pay gap that underscores persistent inequality. As International Women’s Day approaches, Denominator presents key insights into gender compensation across FTSE 100 companies.
Breakdown of the gender pay gap
📉 The average gender pay gap is 15%.
💵 The highest pay gap in favor of men is 52%, meaning women earn £0.48 for every £1 earned by men.
📈 The largest pay gap in favor of women is 23%, but only 8% of firms pay women more than men.
⚖️ 6% of firms have no, or below 3%, gender pay gap.
The UK leads on pay reporting, but gaps persist
The UK mandates gender pay gap reporting for large employers, increasing transparency. However, disclosure alone doesn’t eliminate disparity. Compensation gaps are wider at senior levels, where women are underrepresented.
Bonus pay gap is even wider
In FTSE 100 firms, the average gender bonus gap is 32 %, women earn £0.68 for every £1 in bonuses. The largest bonus gap favoring men reaches 74 %, and only 7 % of firms award higher bonuses to women.
Conclusion
Gender pay and bonus gaps persist across FTSE 100 firms, with clear variations between companies. Identifying and replicating best practices from firms with equitable or reversed gaps is vital.
What patterns define firms with limited or reversed gaps?
How does the bonus gap compare?
Read the full report here.
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