Aerospace heavyweight revealed to have double-digit gender pay gap

board room

Multinational defence, security and aerospace company, BAE Systems, 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.

BAE Systems reported that its gender pay gap currently stands at a mean average of 17.9% while its median is 21%.

Story continues below
Advertisement

It also provided a breakdown of job roles within the company, stating that 89% 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 29% of the company’s fourth quartile roles being occupied by women.

The report stated: “We have a gender pay gap because we employ around four times more men than women and a greater proportion of our senior leadership team is male. This trend is not unusual for companies like ours because we employ large numbers of people with qualifications in science, technology, engineering and mathematics (STEM) related fields.

“The number of women who study and work in these fields is significantly less than the number of men and as a result we have to recruit from a much smaller pool of female talent.”

The figures for bonuses revealed a large fluctuation. While women at BAE Systems have been confirmed to receive a 17.9% lower hourly rate, newly released figures show that 91% of women and 79% of men were awarded bonus pay.

The company has stated it is looking to close its pay gap by introducing more women into the business.

It stated: “We are determined to bridge the gender gap in our industry by encouraging more women to join BAE Systems and we have put in place a number of programmes and initiatives to support the development and progression of women into senior executive positions.”

At the end of last year the organisation and the University of Manchester successfully completed the first phase of flight trials with their unmanned system, MAGMA.

MAGMA, a small scale unmanned aerial vehicle, which will use a unique blown-air system to manoeuvre the aircraft, removes the conventional need for mechanical moving parts used to move flaps to control the aircraft during flight.

Tags : BAE Systemsdronesgender pay gapMAGMApay gap
Emma Calder

The author Emma Calder

Leave a Response