New data from The Equity Index 2022/23 has revealed that IAG Cargo has taken second place in a list of FTSE100 companies and their subsidiaries with the smallest gender pay gap. Here’s everything you need to know.
Lead5050 is a cross-industry accreditation organisation that shines a light on pay gaps using data from all areas of a company. After diving into an in-depth analysis of the data of more than 10,000 organisations – including average salaries, bonuses and pay at every level – rankings for the best equity in pay have been disclosed.
IAG Cargo came in right behind GlaxoSmithKline Services, and the business could not be prouder. Chief People Officer at IAG Cargo, Caroline Andrews said:
“At IAG Cargo, we are committed to fostering an inclusive culture that appreciates the value of diversity and delivers a great place to work for everyone.
As a traditionally male-dominated industry, we are challenging this stereotype and working hard to inspire future female talent, and we are proud to receive recognition for this in the Equity Index 2022/23.”
The new ranking on FTSE100 employers has been formed using an algorithm to convert the mean gender pay gap, median gender pay gap, pay across different quarterlies, and bonus payments into a scoring system. This makes for the most accurate scoring system compared to typical pay gap rankings that use one data point.
Leanne Linacre, CEO of Lead5050, says:
“Whilst the UK is a world leader in ensuring employers provide transparent data on gender-related pay, after years of progress, the pay gender gap for full-time workers has increased.
At the same time, the number of job vacancies rose to a record level last year whilst the cost-of-living crisis continues to bite adversely, affecting women who are having to reduce their hours of work because of the cost of childcare.
Closing the gender pay gap would strengthen the economy, as higher wages would encourage more women to either enter the labour market or extend their working hours.”
IAG Cargo is also a sponsor for the 2023 Everywoman in Transport & Logistics Awards – for which the nomination deadline has been extended to the 20th of February.
Learn more about women in logistics at IAG Cargo: