The Association of Chartered Certified Accountants (ACCA) has announced a median gender pay gap of 6.51%.
The business recently published its 2020 UK gender pay gap report for the fourth consecutive year since 2018, which showed its median gender pay gap fall by 4.6% in 2019 to 6.51% in 2020. It also highlighted that the mean gender pay gap increased by 0.55% in 2019 to 10.57% in 2020.
ACCA also published its ethnicity pay gap data for the first time, based on 57% of ACCA’s UK population who chose to disclose their ethnicity as at 5 April 2020. The data revealed a median pay gap of negative 15.66% and a mean pay gap of negative 7.16%, as the average hourly earnings of black, Asian and other minority ethnic colleagues are higher than that of white colleagues.
Helen Brand, chief executive of ACCA, stated that it was “encouraging” to see the median gender pay gap improve in comparison to last year, and that gathering this data and reporting on it aligns to the employer’s commitment to nine of the United Nations’ sustainable development goals.
“[The UN’s sustainable development goals] particularly speak to aspects of diversity and inclusion and how we need to work together to address change. This work also aligns to our corporate value of inclusion. Looking ahead, while there’s still much to take forward, we’ve established a strong foundation to continue building towards a truly inclusive organisation for all ACCA people,” she said.
Julie Hotchkiss, executive director of people at ACCA, added that this broadening of pay transparency reporting to include pay by ethnicity is a first step to creating meaningful and positive change around inclusion and diversity.
“Combined with an in-depth inclusion research report gauging members and future members’ views on inclusion and diversity, and the introduction of compulsory inclusion training for all our employees, we believe this year we’ve established a strong foundation to continue building towards a truly inclusive organisation for all ACCA’s people,” she said.