AXA UK gender pay gap narrows for fifth consecutive year

According to the provider's Gender Pay Gap Report, the median pay gap improved by 0.5% from 2022, while the mean pay gap has increased by 0.8%. Based on hourly rates of pay as of 5 April 2023, women working at AXA UK earn 17.8% (median) and 22.0% (mean) less than men. The slight increase in the mean pay gap was due to one-off exceptional payments made to some employees in April 2023, AXA noted. Without these payments, a small reduction in the mean pay gap would be expected. AXA detailed that the underlying cause of the pay gap continues to be the imbalance in the proportions of each g...