Vehicle manufacturer Rolls-Royce has published its 2022 UK gender pay gap report, with its mean gender pay gap standing at 1.6%, a decrease from 3.2% in 2021.
Its median gender pay gap for 2022 was 3.6%, down from 4.8% the prior year, while its mean gender hourly pay gap was 0.8% and its median gender hourly pay gap was 2.1%. This was lower than the UK’s 2022 national gender pay gap of 14.9%, according to the Office of National Statistics (ONS).
Rolls-Royce’s mean bonus pay gap for last year was -15.5%, down from 21.1% in 2021, and its median bonus pay gap was 0.3%, narrowing from 16.1%. For 2022, 97.6% of men and 94.7% of women received a bonus, compared with 31% and 30.9% the previous year.
According to the employer, the change in the bonus gap was driven by proportionately more female employees being in management roles, which attract a higher on-target bonus and therefore increased the mean average figure. A total of 16.% of the workforce in 2022 were women.
Warren East, chief executive officer of Rolls-Royce, said: “We are committed to creating an environment where every employee can reach their full potential by encouraging wellbeing and development in an inclusive environment. We recognise that a diverse workforce is crucial to achieving a high-performance culture and is a key enabler of innovation, and an inclusive environment is critical to retaining this diverse talent.
“We do not have an equal pay issue between genders on a job-by-job basis and both the pay gap and the bonus gap have reduced on both mean and median basis since 2021.
“The reducing pay gap is explained primarily by the changing distribution of our workforce, with more women in higher paid positions than in previous years, while the bonus gap reflects the fact that proportionately more women are in leadership roles than men, which attracts a higher on target bonus and a long-term incentive plan.”