Equal Pay: Pushing Closer Toward 50/50

Through our DEI councils we have a broad focus on all aspects of diversity and one of our measured commitments is in relation to gender.  For this reason, we publish the gender pay gap analysis each year and we are pleased to present the data for 2023: our fifth year of publication.  This analysis has been conducted across three regions China, Europe and North America.

Transparent communication of results and using these results and insights to take action is core to our plan.

The data shows a positive shift favoring women in Europe and North America, where they make up 44% of the upper quartile. However, China saw a slight decline compared to 2022. Europe improved by 2% in mean hourly pay, while North America and China dipped.

Notably, there were significant improvements in mean and median bonus pay across all regions, largely due to zero bonuses at senior leadership levels.

Yet, there's still a gender imbalance in top positions, especially directors and above. While progress has been made, we acknowledge more work is needed. Our commitment to closing the gender pay gap remains steadfast. We'll focus on succession planning, nurturing internal talent, and enhancing external talent acquisition.

All three reports are available for viewing and downloading (think sustainably before you download and print) via our newly created DEI page available on dedicated DEI page located within the Wellbeing & Engagement section of the People Cycle.  Click on the button below to access this page.

We value your thoughts about these results and ask you to send any comments to me or via your local HR business partner.  This will help us delve deeper into the analysis that will be conducted on an ongoing basis.

Jane Beeston
Chief People Officer