Channel Five reports mean gender pay gap of 15.3%

Channel five reports mean gender pay gap of 15.3%

Channel five has reported a mean gender pay gap of 15.3% for average hourly pay as at April 2020.

The organisation, which currently has over 5,000 employees, reported its gender pay gap data in line with the governmentā€™sĀ gender pay gapĀ reporting regulations.

The reporting regulations require organisations with 499 or more employees to publish the differences in mean and median hourly rates of pay for male and female full-time employees, the gap in men and womenā€™s mean and median bonus pay, the proportions of male and female employees awarded bonus pay, and the proportions of male and female full-time employees in the lower, lower-middle, upper-middle and upper quartile pay bands.

Due to the Covid-19 (Coronavirus) pandemic, genderĀ pay gapĀ reporting regulations have been suspended for the 2020/2021 reporting period, however, some organisations have chosen to do so voluntarily.

Channel five’s median gender pay gap is 10%, as at April 2020. On average, women earn 90p compared to every Ā£1 their male counterparts earn.

Its median gender pay gap for bonuses paid during the reporting period is -0.9% compared to the -22.1% pay gap in 2019. The mean gender pay gap for bonus payments is 45%, an increase of 6.5% from 38.5% in the year before.

Over the reporting period,20% of female employees and 27% of male employees received bonus payments. Just under half (49%) of employees in the highest pay quartile at Channel five are female, compared to 40% in the second quartile, 49% in the third quartile and 61% in the lowest pay quartile.

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A spokesperson at Channel five said: “With new senior leadership in place and a refreshed vigour, the organisation is taking this opportunity to review and accelerate its overarching diversity and inclusion strategy to ensure that itā€™s not only effective in the short-term but will create meaningful, lasting change in the long-term.

“We are committed to employing a workforce that is representative of UK society at large. We have made huge strides towards making the business an inclusive place to work. “