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For the fifth year we are voluntarily reporting the Gender Pay Gap figure, based on combined data for the employees in two of our largest regions – the UK and USA.
We are pleased to report a further reduction of the mean (average) pay gap to 12.1% as at 31 March 2025, from the 31 March 2024 figure of 15.7%. We are also encouraged to see the steady year-on-year reduction from 25.9% in 2021, when we started publishing this figure, which is real evidence of a progression in culture across the UK and US employee base. Despite this progress, we acknowledge there is still work to do.
We have a gap in favour of men as we have more male senior leaders, who are in higher paid roles, alongside having more women in hourly paid positions. However, we continue to see improvement in representation of women at senior levels, which is one reason for the reduction in the gap.