Children’s publisher Scholastic has revealed a median gender pay gap of 8.8%, a fraction up on last year’s 8.5% but still less half the national average of 17.9%.
Scholastic's gender pay gap report shows women earn 91p for every £1 that men earn when comparing median hourly wages. It’s mean gap dropped to 14.2% from 15.2% in 2017
Its report showed the median bonus pay gap in favour of women had plummeted to 27.5% compared to 136.95% last year. The mean gap is now just 1%, down from 37.9% in 2017.
Out of its workforce, 32% (33% in 2017) of women and 29% of men (37% in 2017) received a bonus.
Women once again dominated every quartile of pay, although the lowest bracket was the only one where female workers grew, up to 76% from 71% in 2017. The others shrunk slightly with the top-most quartile reducing from 65% women to 62%.
Overall the firm has a 72% female workforce and around 60% of its executive and senior management team are women.
The report, published on 29th March ahead of the national deadline, uses data from 5th April 2018. The median average refers to the mid-point of all employees' salaries from lowest to highest paid, while the mean is calculated by dividing the total wages of a company by its staff numbers.
Co-managing directors Catherine Bell and Steve Thompson said, because 38% of Scholastic’s employees work flexibly and around 20% are school term-time only, there was an impact on its pay gap data. But they stressed all men and women are paid exactly the same wages for equivalent roles.
They said: “Although our median bonus pay gap remains significantly in favour of women, and our mean pay gap reduced by 0.93% from the previous year, we recognise the need to maintain our efforts to reduce our gap further.”
The pair added: “We will continue working on various short and longer term strategies such as offering flexible working opportunities, modifying our recruitment strategies to broaden the accessibility of our vacancies, providing equality and diversity training across our business, promoting diversity initiatives, building partnerships and offering our employees continued career development and growth.”
All employers with more than 250 staff are required by law to report their gender pay gaps by 4th April, with a number of publishers and retailers in the book industry yet to do so. So far, Macmillan, Pearson, the British Library, Hachette, Springer Nature, Wiley, Elsevier and W H Smith have all disclosed theirs.