Results of the 2024 Gender Pay Gap Report
Author: Richmond American University London
The results of the 2024 Gender Pay Gap (GPG) Report for Richmond American University London have been published.
Companies with more than 250 employees have to publish an annual gender pay gap report which measures differences between the average (mean and medium) earnings of men and women who work at the University. Richmond American University London employed a total of 216 employees as at 5 April 2024, with 44 per cent of employees being male and 56 per cent female.
Here are the highlights:
- The median gender pay gap for the University is 9.07% (2023: 5.59%)
- The mean gender pay gap for the University is 9.67% (2023: 5.55%)
- When non-salaried student employees are excluded from the data, Richmond’s overall median GPG is 0.00% and mean GPG is 2.31%.
Detailed in the report, this means Richmond University’s mean & median gender pay gap is, therefore, lower than the whole economy and lower than the Higher Education sector.
Dean Morley, Director of Human Resources at Richmond, said, “Whilst Richmond University’s GPG increased slightly this, this increase is mainly influenced by a higher number of female student workers. Richmond is proud to offer extensive employment opportunity to our students and the hourly rate for Richmond’s student employees aged 21 follows the Government’s National Living Wage guidelines. For those below the age of 21, Richmond also currently pays a higher hourly rate than the current National Minimum Wage.
Despite the small increase in the year’s gender pay gap results, Richmond also remains committed to reducing the gender pay gap through working with our Schools and Departments during the recruitment and promotion of employees. We also use salary data from the UK Higher Education sector survey to inform decisions relating to salaries and benefits. Longer term we are also developing salary frameworks, clearer promotion criteria, and evidence-based gender monitoring. We will continue to seek to identify and address any barriers to gender equality.“
What is the gender pay gap?
The gender pay gap is the difference between the average hourly earnings of a company’s male and female employees. When talking about the gender pay gap the median figure tends to be used rather than the mean.
