Music copyright collective PRS for Music has reported a 14.9% mean ethnicity pay gap for 2023, down from 17.6% from 2022.
Its 2023 gender and ethnicity pay gap report revealed that its median gap was 13.1%, down from 14.6% the prior year. There was an increase in the representation of people from ethnic communities, climbing from 21% in 2022 to 25% in 2023.
The employer’s mean ethnicity bonus gap was 37.2%, down from 72.2% in 2022, and its median gap was 28%, down from 45.5% the previous year. A total of 87% of white and 72% of ethnic community employees received a bonus that year.
Meanwhile, its mean gender pay gap, in favour of men, reduced from 14% to 7% in 2023, and its median gap fell from 20.3% in 2022 to 12.6% last year. The number of women in senior roles rose from 37% in 2022 to 41% in 2023.
The employer’s mean gender bonus gap for last year was 20.3%, down from 70.4% in 2022, and its median gap was 32.4%, down from 49.8% the prior year. A total of 82% of women and 85% of men received a bonus in 2023.
Andrea Czapary Martin, chief executive officer at PRS for Music, said: “The positive actions captured within our gender and ethnicity pay gap report underscore our continued commitment to fostering an inclusive organisation that values and embraces diversity. By sharing our progress annually, we aim to provide transparency into our initiatives and highlight the strides we are taking in our transformative journey.
“Embracing diversity, in all its forms, is crucial for high-performing businesses, bringing with it creativity, innovation, enhanced decision-making and problem solving. In this past year, we have seen positive improvements in key areas, and I am pleased to share that we are moving closer to achieving our target of 50% gender and 30% ethnicity representation across roles.”