BNP Paribas Real Estate has reported a 23% mean hourly ethnicity pay gap for the 2022/2023 year, in its first combined gender and ethnicity pay gap report.
The firm’s mean hourly pay rate for white employees was £30.08, while for other ethnic groups it was £23.18. Its median hourly ethnicity pay gap for 2023 was 13%, while its average hourly pay rate for white employees was £24.04 and for other ethnic groups £20.96.
Its mean ethnicity bonus gap was 79.1%, while its median gap was 74%. A total of 53% of white employees and 67% of employees from other ethnic groups received a bonus that year.
BNP Paribas Real Estate’s mean hourly gender pay gap was 43%, up from 42% in 2021. Its median gap was 49%, up from 45% in 2021.
Its mean gender bonus gap was 71%, unchanged from 2021. Meanwhile, its median bonus gap was also 71%, down from 83% in 2021. A total of 76% of men and 75% of women received a bonus that year.
Etienne Prongué, chief executive officer at BNP Paribas Real Estate Advisory UK, said: “In our combined gender and ethnicity pay report, we outline the steps we have already taken in redressing the gender and racial balance; in addition to new initiatives launched to drive further change. Making continued, progressive improvements towards building a more diverse workforce and an inclusive culture is fundamental to the future success of our business, the sector and the wider community.
“We also demonstrate how we intend to support the career development of more women and those from racially diverse backgrounds and do so more effectively than has been achievable in the past. While we are doing more to try to reach more diverse candidates through recruitment and actively identifying a wider pool of talent in the market, we are also doing more to build a stronger pipeline of talent within our organisation, providing more learning and development opportunities, mentoring and career development programmes for specific groups.”