Gender Pay Gap Report
We take our responsibilities to reduce the gender pay gap at The Prince's Trust to zero very seriously. Find out how.
UK companies with 250 or more employees must publish their gender pay gap data by April 2018.
The gender pay gap is the percentage difference between the average hourly earnings of men and women.
What is the difference between the gender pay gap and equal pay?
The gender pay gap is not the same as equal pay. Equal pay has been a legal requirement for almost 50 years and states that men and women doing work of equal value should be paid the same. This applies to all employers, no matter of their size.
So, a company might have a gender pay gap if a majority of men are in top jobs, despite paying male and female employees the same amount for comparable roles.
Why is there a gender pay gap?
There’s no one reason behind the gender pay gap. It’s a complex issue.
The Fawcett Society, which campaigns for equality, say that caring responsibilities can play a big part. Women often care for small children or elderly relatives. This means that women are more likely to work in part-time roles, which are often lower paid or have fewer opportunities for progression.
Another important factor is a divided labour market. Women are sadly still more likely to work in lower paid jobs. Women currently make up 62% of those earning less than the Living Wage.
Men also tend to take up a greater proportion of the most senior jobs in a company, which are higher paid.
The Prince’s Trust Gender Pay Gap
Our 2017 mean gender pay gap is 9.7%. This reflects the larger number of men that hold some of the most senior executive roles in the organisation.
We take our responsibilities to reduce this gap to zero very seriously and will be publishing our results together with what we are doing to reduce the gap.