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Latest Gender Pay Gap Results

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.

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