Magic circle outfit reveals a accomplice inclusive gender results of 59.9%
Allen & Overy (A&O) has fired the beginning pistol on a recent spherical of pay hole reporting, revealing slight enhancements in each its gender and ethnicity pay gaps.
Combining complete annual pay for all UK-based companions and staff collectively, the magic circle participant’s 2020 imply gender pay hole comes out at 59.9%. Its median is 46.4%. A&O’s 2019 hole stood at 61.5% and 43.8% respectively.
Taking its high-earning companions out of the equation, the imply gender hole in London drops to 16.1%.
A&O stated its total gender pay hole was extra pronounced due to the upper proportion of males than ladies in its partnership, in addition to the upper variety of males in probably the most senior accomplice positions.
It additionally revealed black, asian and minority ethnic (BAME) companions and staff are paid, on common, 22.4% lower than their white colleagues — down from 23.1% final 12 months.
A&O additionally revealed knowledge referring to incapacity for the primary time, with the general incapacity pay hole coming in at 20.2%. These figures are primarily based on the 74% of employees within the UK who’ve recorded their incapacity info — with 3% figuring out as having a incapacity.
Sasha Hardman, A&O’s world HR director, commented: “The general image from this report is one in every of progress and that our initiatives are having an actual influence, with a broad pattern of our pay gaps transferring in the proper route. We imagine that transparency about our actions, challenges and progress is central to attaining a balanced and various workforce. That is why now we have included key factors from our motion plans throughout the completely different areas the report covers, which present how we’re tackling the underlying causes that pay gaps exist. We’ve additionally prolonged the report back to cowl incapacity.”
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