ESG: social

    Gender pay gap (median)

    Formula

    Gender pay gap (median)

    Gender Pay Gap (%) = (Median pay of men minus Median pay of women) ÷ Median pay of men × 100

    Variables

    Median pay of menThe middle value of annual remuneration for men in the group
    Median pay of womenThe middle value of annual remuneration for women in the same group

    Finding the inputs

    The BRSR (Principle 5) gives median remuneration by gender for the board, key managerial personnel, employees other than these and workers. Calculate the gap separately for each group.

    Reading the number

    A positive figure means women's median pay is lower. The median reduces the effect of a few very high salaries. The gap mainly reflects where women sit in the pay structure, so read it together with the gender diversity ratio at each level. A rising share of women in senior roles should narrow the gap over time.

    Illustrative example