Gender pay gap report 2023-2024

All companies with 250 or more employees are now required to publish their gender pay gap under new legislation that came into force in April 2017. This report contains Alten LTD’s statutory disclosure of the gender pay gap.

Since April 2017, employers have to publish the gap in pay between men and women on both a median basis (pay per hour based on the person ‘in the middle’ of the distribution of pay) and a mean basis (average hourly salary).

In addition, employers are required to disclose the distribution of gender by pay quartile – in other words, splitting the workforce into four groups based on their pay and showing the proportion of men and women in each group.

Employers are also required to disclose percentages of staff receiving bonuses by gender and the gender gap on bonuses. 

Main gender pay gap figures

  • women earned 94p for every £1 that men earned (comparing median hourly pay)
  • women made up 17.0% of employees in the highest paid quarter, and 20.0% of employees in the lowest paid quarter
  • 26.0% of women received bonus pay, compared with 21.0% of men
  • women’s bonus pay was 116.6% higher than men’s (comparing median bonus pay)

Hourly pay

  • women’s median hourly pay was 6.2% lower than men’s – this means they earned 94p for every £1 that men earn when comparing median hourly pay
  • women’s mean (average) hourly pay was 7.8% lower than men’s

Pay quarters

Women made up:

  • 17.0% of employees in the upper hourly pay quarter (highest paid jobs)

  • 19.0% of employees in the upper middle hourly pay quarter

  • 24.0% of employees in the lower middle hourly pay quarter

  • 20.0% of employees in the lower hourly pay quarter (lowest paid jobs)

4. Bonus pay

  • women’s median bonus pay was 116.57% higher than men’s – this means they earned £2.17 for every £1 that men earn when comparing median bonus pay
  • women’s mean (average) bonus pay was 29.53% lower than men’s
  • 26.0% of women and 21.0% of men received bonus pay