Vehicle manufacturer Rolls Royce has reported a 1.2% UK mean hourly gender pay gap for 2023, down from 1.6% in 2022.
Its median hourly gender pay gap 3.7%, compared to 3.6% the previous year. Its lower pay quartile consisted of 75% of men and 25% of women, whereas its upper pay quartile comprised 81% of men and 19% of women.
The organisation’s mean gender bonus gap for 2023 was -16.5% compared to -15.5% in 2022, and its median gap was -2.9%, compared to 0.3% the previous year. A total of 95.6% of men and 92.9% of women received a bonus last year, versus 97.6% and 94.7% the previous year.
Rolls Royce’s 2023 ethnicity pay gap report revealed that the average pay for an Asian employee was 8.26% less per hour than that of a white employee and was 6.05% more per hour than that of a Black employee. On average, for every £1 an Asian worker earns, a white employee will earn 108.26p and a Black worker will earn 93.95p.
Regarding its median gaps, its mixed ethnic groups received 7.6% less in pay than its white group but 3.51% more than its Black group. On average, for every £1 a mixed ethnicity employee earns, a white member of staff will earn 107.60p and a Black employee will earn 96.49p. A total of 97.27% of white, 94.07% of Black, 95.22% of Asian and 95.21% of mixed ethnic employees received a bonus in 2023.
Tufan Erginbilgic, chief executive officer of Rolls Royce, said: “This year we have matured our diversity and inclusion strategy, driving towards our challenging ethnicity 2025 targets, through our four key pillars: leadership and governance, attracting and recruiting, engagement and retention, and development.
“We still have much work to do, and our focus remains on continuing to improve the proportion of ethnic minority representation throughout all pay quartiles. We are determined to increase the diversity of our workforce and working together to create a business where every person can belong.”