On 29 January 2024, QBE published its annual gender and ethnicity pay gap report for 2023. Gender pay gap reporting has been a statutory requirement for public, private and voluntary sector organisations with 250 or more staff since April 2017, whereas formal reporting on ethnicity-based pay gaps is still voluntary. Within a company’s gender pay gap report, it must report mean and median gender pay gaps based on hourly pay, gender bonus gap information and gender distribution across pay quartiles. QBE’s data – collected as of 5 April 2023 – revealed a mean gender pay gap of 21.9% for 2023, based on hourly pay. Ethnicity pay gapsQBE’s mean ethnicity pay gap for 2023 is 5.4% in favour of white staff, based on hourly pay.

Source: The Times February 22, 2024 09:59 UTC