UK companies with 250 or more employees must publish gender pay gap data as of 5th April 2023, by April 2024.
In addition to these mandatory figures, we also include gender pay gap data as of 31st December 2023.
Below we set out our results.
Median gender pay gap based hourly pay
In December 2023 Stowe’s median gender pay gap was 4.20%, a reduction from 8.98% in April 2023. meaning the median gender pay gap had reduced in favour of women.
Mean (average) gender pay gap based hourly pay
The mean gap narrowed from 21.79% in April 2023 to 15.41% in December 2023, meaning the average gender pay gap decreased in favour of women.
Gender pay gap in bonuses
In April 2023 the mean gender pay gap in bonuses was -21.12%, in favour of women. By December 2023 the reverse gap remained in minus figures but narrowed to -9.63%.
The median gender pay gap using bonus pay – decreased significantly from 15.59% to -3.58% between April 2023 and December 2023.
NB. At Stowe, annual bonus payments are subject to length of service.
Proportion of men and women who get bonus payments
Between April 2023 December 2023 the gender distribution of bonuses reduced for men and increased for women.
Percentage of men and women receiving bonus pay:
| Male | Female | |
| April 2023 | 50% | 38.15% |
| December 2023 | 40.48% | 41.77% |
Proportion of men and women in each pay quartile
| Lower | Lower Middle | Upper Middle | Upper | |
| April
2023 |
93.15% F
6.85% M |
83.33% F
16.67% M |
86.11% F
13.89% M |
81.94% F
18.06% M |
| December
2023 |
90% F
10% M |
88.89% F
11.11% M |
87.78% F
12.22% M |
86.36% F
13.64% M |
NB. Female colleagues form the majority of all quadrants.