Lockheed Martin, the global aerospace, defence, security and advanced technologies company, has become one of the latest companies to reveal its gender pay gap.
The company has disclosed its results ahead of the government’s April deadline, by which time any private sector company with more than 250 employees needs to publish data on their gender pay gap, along with details on the proportion of male and female employees and their gender bonus gap.
Lockheed Martin revealed that its mean gender pay gap in the UK currently stands at 20%.
It also provided a breakdown of job roles within the company, stating that 88% of positions in the top payment quartile are filled by men.
While the higher paying positions are heavily occupied by men, it has also been reported that the lower paid roles have a higher percentage of women, with 40% of the company’s fourth quartile roles being occupied by women.
The figures for bonuses revealed a large fluctuation. While the mean figure is 12% higher than what male co-workers earn, the median shows that women at Lockheed Martin receive 25% less in bonuses.