PwC report reveals 14% gender pay gap
PwC pays female staff almost 14% less than their male peers, according to the company’s gender pay gap report. The overall pay gap was 13.7%, whilst the gap for bonuses was 37.5%.  The firm, which is the first to report under new UK government guidelines, said that the presence of more men in senior roles and more women in administrative roles accounted for some of the disparity. Within grade levels, the pay gap drops to 2.9%. PwC has predicted that the pay gap within the UK will not close for 24 years.  

Although we are now in the sixth year of gender pay gap reporting, we see scrutiny of this measure continue to grow. The gender pay gap is increasingly a key metric within sustainability reporting frameworks (as part of the ‘S’ of ESG). At the same time, new requirements are being introduced internationally which include, for example, the EU Pay Transparency Directive which will likely take effect in 2026.

Our gender pay data analysis shows that the pay gap has remained the same, or worsened, for just under half of organisations who reported in 2022/23 and 2021/22. Of those companies that have disclosed their pay gaps for both reporting years, just over half (53.7%) reported a decrease in their mean pay gaps, with an average decrease of only 0.4%.

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