Ernst and Young reports 32.4% mean gender and 36.7% ethnicity pay gaps

Ernst and Young reports 32.4% mean gender and 36.7% ethnicity pay gaps

Professional services organisation Ernst and Young (EY) has reported a 32.4% mean gender pay gap, as at April 2020. It has also voluntarily chosen to report its ethnicity pay gap data, which shows a 36.7% mean difference.

The organisation’s median gender pay gap including more than 11,000 employees is 15.3% as at April 2020, compared to 13.8% at April 2019.

Its median gender pay gap for bonuses paid during the reporting period is 27.4%, improving by 13.7% from the previous year. The mean gender pay gap for overall bonus payments is 41.4%. Over the reporting period, 66.8% of female employees and 62% of male employees received bonus payments.

More than one-third (38.2%) of employees in the highest pay quartile at EY are female, compared to 48.6% in the second quartile, 53.3% in the third quartile and 49% in the lowest pay quartile.

In addition, the organisation’s median ethnicity pay gap is 36.7%. Furthermore, 52.2% of black, Asian and minority ethnic (Bame) staff received bonus payments, compared to 70.1% of non-Bame employees.

The proportion of ethnic minority employees in the organisation’s highest pay quartile is 23.3%, in the second quartile 39.6%, in the third quartile 42.9% and in the lowest quartile 33.9%.

Hywel Ball, chairman at EY UK, said: “Diversity and inclusion has been a key priority for EY for many years. Our strategy to radically accelerate our progress was set two years ago and is part of assuring our future growth and long-term sustainability. It has truly come into its own this year — and, triggered by the events of 2020 we took a further step by publicly setting out our commitments to anti-racism in the UK.

“I am pleased that our gender pay gap has improved by 4.7%, achieved by both recruiting and promoting women, particularly at senior levels. Our ethnicity pay gap has widened by 1.9%, largely due to an increase in the number of ethnic minority graduates we employed this year. We will continue to monitor this and the black gap closely.

“We have also increased our ethnic minority talent at each level as well as the representation of both our female and ethnic minority partners. By measuring our progress we will be able to continue to drive change that is focused and impactful. By publicly sharing our data, we are holding ourselves to account. We know we have much more to do. We will be unrelenting. We will not rest until we have created a true culture.”