Deloitte reduces gender pay gap but bonus gap widens

Deloitte reduces gender pay gap but bonus gap widens

This year Deloitte's gender pay gap is 41.1% compared with last year's 43.2% but there are still few female partners

After Deloitte recorded its gender pay gap as 43.2% last year, it has managed to reduce this figure to 41.1%.

However, now that it has to include equity partners in its calculations, the firm’s bonus pay gap has been reported as rising.

The final figures take all employees including partners into account, measuring the total earnings by looking at the individual’s salary and any bonuses as well as the total earnings for equity partners.

Deloitte’s reporting showed that this year the mean equity partner earnings gap was 11.8%, a reduction of 2% since 2017.

Women now make up 43% of Deloitte’s workforce but only 19% of its partners and 29% of its directors.

More women received bonuses at the firm this year; 63% of women got them compared with 62% of men. However, the bonus gap between men and women still increased from 50.9% last year to 52.3% by April 2018.

Deloitte responded to this by confirming this is because there are fewer women in the higher positions where bonuses are received, highlighting the crux of the problem.

Deloitte is currently working towards their aim of having 40% of partners female by the year 2030.

Emma Codd, managing partner for talent at the firm, said: “Comparing our results to last year gives us a mixed picture – with a slight decrease in the mean pay gap but an increase in the median pay gap. Our analysis shows that this is due to some of the actions we have taken to address the pay gap, such as encouraging more women into the business at entry level.

“We have seen a reduction in our total earnings gap, with this voluntary disclosure including equity partner earnings.

“This requires us to continue to take action not only to attract more women, including at entry level, but to ensure that we retain them and enable them to progress to our most senior positions in the firm.”

 

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