Analysis of bonus gap

Our bonus gaps have reduced significantly in 2023 and are now in favour of women, continuing the trend from 2022 which followed a temporary increase to men in 2021 caused by specific bonus arrangements for work related to the Covid-19 response, which disproportionately benefited male colleagues.

We redesigned our recognition scheme in April 2022 for colleagues at Grade 6 and below, changing the types of awards available and the values to improve access for all and enable a higher volume of awards to be made. Changes to the scheme increased the total annual award received by all colleagues, having a positive impact on the bonus gap with female colleagues receiving a higher total award value across the year in comparison to male colleagues.