Thomson Reuters reviews UK gender pay hole of 16.95 %, large bonus hole

LONDON (Reuters) – Thomson Reuters, one of many world’s greatest news and knowledge corporations, 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 by means of 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 workers have to report their gender pay hole by April four to the Government Equalities Office, virtually 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,” mentioned 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 mentioned in a report.

The distinction in earnings between women and men has provoked important anger amongst many ladies lately 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 common wage of women and men, calculated on an hourly foundation.

Compared to different media corporations, the Thomson Reuters imply pay hole was larger 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 mentioned males occupied 71 % of its senior management roles, one of many causes the bonus pay hole was larger than another media corporations.

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 rapid 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 mentioned.

Among monetary corporations, 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 knowledge, submitted to the British government and printed 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 mother or father of Reuters News.

A Thomson Reuters spokesman declined additional rapid remark.

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

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