4 Apr 2023
Gender Pay Gap Report 2022
Today we publish our 2022 Gender Pay Gap Report and are pleased that the median pay gap has come down once again, from 11.8% to 9.6%. This means that we are 5.3 percentage points below the UK average pay gap of 14.9%. Whilst this is positive, we recognise there is still more to do, and we remain focused on closing the gap as quickly as possible.
Since 2017 when we began reporting on our gender pay gap, we are proud that we have reduced the pay gap every year. The gender pay gap is the difference between average male and female pay across the organisation and across all roles. Equal pay means that men and women receive the same pay for carrying out the same work or equivalent work. Having a gender pay gap does not mean that men and women at Babcock are not receiving equal pay.
We are committed to creating and maintaining a working environment that is inclusive, diverse and supportive, which provides opportunities for all our colleagues. But as a defence company, we operate in a sector that continues to be male dominated and our challenge remains primarily an issue of representation. For us, having more women across the Group, and particularly in senior leadership roles, is key to our long-term strategy.
You can read the full report here.