In accordance with ‘The Gender Pay Gap Information Act 2021’, we have published our Gender Pay Gap Report 2023.
At KPMG, we’re committed to promoting inclusion, diversity, and equity for all our people. This year we were proud to build on our existing gender equity programmes with our new Gender Action Plan to support women’s progression at KPMG. The plan includes a suite of new lifecycle supports around fertility, surrogacy, menopause and more. It also includes emergency childcare, and a paid ramp-up initiative for women returning from maternity leave, as well as other initiatives.
Ongoing measurement and reporting, including Gender Pay Gap reporting, is a key part of our plan. Our 2023 mean gender pay gap is 10.2% and our mean gender bonus gap is 20.5%. Our pay and bonus gaps are largely driven by the fact that we have more men in the most senior positions and with greater tenure than women. It is also because of certain areas of the business that are historically male dominated.
We know there is still work to be done to increase female representation in our leadership team and to close our pay and bonus gaps. We will continue to work to embed our Gender Action Plan throughout the firm and have committed in this report to additional, targeted interventions to increase the number of women in leadership and to close our gaps.
We are committed to achieving gender equity in our firm and will continue the work we have started towards this aim because we know that diversity of leadership leads to better results for our teams, our clients, and our community.
