Global business and technology consultancy FDM Group has reported a -2.5% mean gender pay gap for 2024, compared to -7.6% the previous year.
The employer’s median gender pay gap was -5.1%, versus -4.3% in 2023.
Its mean bonus gap for 2024 was 3.5%, a drop from 12.3% in 2023, while its median bonus gap was -39.6%, compared to -18.3% the prior year. A total of 46.1% of males and 58.4% of females received bonus pay this year, as opposed to 40.3% and 50.1% in 2023.
FDM Group’s latest figures are due to its gender equality initiatives, such as its FDM Returners Programme, which assisted over 550 people return to work since 2015. It also helped close the gender pay gap by hiring more women into senior roles, with the percentage of its global workforce being female rising from 31% to 33% this year and the number of women in the higher pay quartile increasing to 40% from 39.4%.
Other initiatives that the group has introduced to promote gender diversity in the technology industry include ‘She Lives Tech’ and ‘Girls Into Tech’.
In addition, it made it compulsory for all interviewers to complete mandatory training on inclusivity topics to ensure all applicants receive fair and equal consideration regardless of their background. This includes objective note taking, unconscious bias, different ability awareness and how to support the progression of young talent.
Sheila Flavell, chief operating officer of FDM Group, said: “We were one of the first UK organisations to publish our gender pay gap report when mandatory reporting was introduced in 2017. Tech is a hugely rewarding sector at the forefront of the UK and women have so much to offer, especially as areas such as artificial intelligence (AI) continue to evolve. We aim to actively help close the gender pay gap and provide career opportunities that empower more women to join this exciting industry.”
