BDO LLP | UK GENDER PAY GAP
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Trend 2: Female representation Bonus recipients
In addition to more women now placed in relatively higher paid roles, we also observe an increase in the number of women receiving a bonus between 2017/18 and 2022/23, as shown in Fig. 5. We also see a consistent rise in the percentage of male and female bonus recipients over the six reporting years, although it should be highlighted that the female population receiving a bonus experienced a bigger jump. This development again suggests that companies are either taking positive actions to increase the proportion of female employees eligible for a bonus or are changing their reward practices to ensure pay decisions are taken in a fairer way, in line with their wider DE&I agendas. However, it is worth noting that, on average, males continue to be more likely to receive a bonus payment compared to females.
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Bonus recipients Fig. 5: Bonus recipients by gender
Male
Female
35% 36% 37% 38% 39% 40% 41% 42%
2017/18 2018/19 2019/20 2020/21
2021/22 2022/23
9.4% Male
11.2% Female
Increase in bonus recipients between 2017/18 and 2022/23
Nevertheless, the above findings are somewhat intriguing, especially noting that there hasn’t been a discernible trend of a consistent increase to the number of individuals receiving annual bonuses as a general practice. The slight increase in earlier years could be attributed to companies becoming progressively more adept at understanding the regulatory landscape and identifying the specific pay components that qualify as bonuses under the Regulations. Additionally, the sharp increase we see in 2021/22 could most likely be attributed to one-off payments provided by companies to support with rising inflation and the cost-of-living crisis rather than standard bonus payments.
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