Gender pay gap at Nationwide

We’re passionate about creating an inclusive place to work - one where everyone is valued, rewarded fairly and supported to reach their full potential. This is fundamental to our culture.

What is the gender pay gap?

It’s the difference in average hourly pay received by men and women across all jobs within an organisation.

Gender pay gap reporting was introduced in 2017 as part of the Government’s efforts to reduce the gender pay gap within a generation. Companies with more than 250 employees must publish their pay gap statistics before 5 April each year.

Is the gender pay gap different from equal pay?

Yes, there are important differences between the gender pay gap and equal pay.

The gender pay gap measures the difference in the average pay between men and women, so it’s affected by the type of jobs that men and women are doing.

Women represent nearly two thirds (63%) of our workforce. However, we’ve more women than men in our junior jobs and fewer women than men in our more senior jobs. This is essentially what creates our gender pay gap.

Equal pay is about the pay of men and women who are doing the same or equivalent jobs. We’re confident we don’t have issues with equal pay and continue to test this with regular audits.

Joe Garner, Chief Executive

“At Nationwide we’re committed to working together to become even more open, fair and inclusive, where our people reflect and understand our diverse members’ needs and expectations.

“Gender pay gap reporting is an important measure in helping us towards this goal. We’re commited to making headway against the gender diversity targets, and we will continue to identify ways of making further progress.

“Nationwide takes a rigorous approach to preparing its gender pay reporting data in accordance with the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017. I confirm that the information provided below is accurate at the date of collation and have provided more information to help you understand the ways in which we work to promote gender diversity.”

Joe Garner, Chief Executive

Our gender pay gap

As of 5 April 2017, our mean average gender pay gap is 29 per cent

As of 5 April 2018, our mean average gender pay gap was 28%.

This figure is influenced by the number of men and women in different roles, including:

  • Employees who hold a contract of employment
  • Temporary workers contracted to personally provide a service
  • Non-Executive Directors.

It’s not a comparison of the pay received by men and women doing the same job.

Our workforce - The spread of men and women in senior and junior roles

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