Thomson Reuters experiences UK gender pay hole of 16.95 %, huge bonus hole

LONDON (Reuters) – Thomson Reuters, one of many world’s largest news and data firms, on Tuesday reported a imply gender pay hole for its British entities of 16.95 % and a imply bonus hole of 50.52 %.

Workers stroll via the More London business district with Tower Bridge seen behind in London, Britain, November 11, 2015. REUTERS/Toby Melville/File Photo

UK employers with greater than 250 employees have to report their gender pay hole by April four to the Government Equalities Office, nearly 50 years on from the passage of Britain’s equal pay act.

“At Thomson Reuters, we believe the strongest workforce is the most diverse workforce; the most competitive in the global economy,” stated Mark Sandham, senior vice president and chief working officer for human sources at Thomson Reuters.

“We will continue to champion gender equality and look forward to continuing to measure progress,” he stated in a report.

The distinction in earnings between women and men has provoked important anger amongst many ladies in recent times and sparked a public debate in Britain over why pay continues to be so completely different for women and men.

The gender pay hole measures the distinction between the typical wage of women and men, calculated on an hourly foundation.

Compared to different media firms, the Thomson Reuters imply pay hole was greater than on the British Broadcasting Corporation the place it was 10.7 % however decrease than on the Financial Times Ltd the place it was 24.four % or at Channel Four the place the imply pay hole was 28.6 %.

Thomson Reuters stated males occupied 71 % of its senior management roles, one of many causes the bonus pay hole was greater than another media firms.

At the BBC, the imply bonus hole was 20.three % or the Financial Times the place the imply bonus hole was 37.9 %. Spokeswomen for the BBC and FT couldn’t be reached for speedy remark.

“The bonus gap is also impacted by the senior leadership profile as these roles attract long term financial incentives which are included in the bonus gap calculations,” Thomson Reuters stated.

Among monetary firms, Goldman Sachs reported a imply gender pay hole in Britain for its worldwide business of 55.5 % and a imply bonus hole for the unit of 72.2 %.

The Thomson Reuters information, submitted to the British government and revealed on its web site in addition to on the Thomson Reuters web site right here, was mixed for all of its British authorized entities.

At Thomson Reuters Professional UK Limited, the imply pay hole was 2.43 % whereas at Reuters Limited the imply pay hole was 20.23 %. The respective imply bonus gaps have been 51 % and 40.96 %.

Thomson Reuters, managed by Canada’s Thomson household, is the guardian of Reuters News.

A Thomson Reuters spokesman declined additional speedy remark.

Reporting by Guy Faulconbridge; Editing by Carolyn Cohn, Alison Williams and Nick Tattersall

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