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 carry out.
Women represent nearly two thirds (63%) of our workforce. However, we have 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 carrying out the same or equivalent jobs. We’re confident we don’t have issues with equal pay and continue to test this with regular equal pay audits.