Gender Pay Gap
Gender Pay Gap reporting is part of the UK Government’s strategy to reduce the gender pay gap. Gender Pay Gap reporting requirements came into effect on 6 April 2017, requiring employers of over 250 employees to publish prescribed statistics relating to UK employee pay, for publication before 5 April 2018 (and annually thereafter). While we do not meet that threshold we have chosen to publish our Gender Pay Gap.
Gender Pay Gap reports highlight the difference between the average rate of pay for men and women working at an organisation. This is not a report on the pay difference between men and women who carry out the same jobs, similar jobs, or work of equal value.
The Gender Pay Gap is affected by various factors, particularly the numbers of men and women in different roles at different levels.
At the FRC 62.5% of our staff are female and more than half of our executive committee are women. We are signatories to the Women in Finance Charter and have formed a Diversity & Inclusion Committee to develop and implement best practice across the organisation.
FRC Gender Pay Gap (PDF)