The Association of Accounting Technicians (AAT) has decreased its mean gender pay gap for 2022 from 3.5% to -0.2%, due to an increase in the number of women in senior roles.
The association’s latest gender pay gap report and second ethnicity pay gap report were based on hourly rates of pay at the snapshot date of 5 April 2022. Its median gender pay gap rose from 7.4% in 2021 to 9.8% in 2022.
Its mean ethnicity pay gap declined slightly from 24.9% in 2021 to 24% this year, while its median ethnicity pay gap fell from 23.9% in 2021 to 23.6%.
Meanwhile, its mean gender bonus gap was -11.9%, in favour of women, its mean ethnicity bonus gap was 15.5%, and its median bonus gap was 0% for both gender and ethnicity.
In order to address the gaps, AAT set out a plan of action as part of its commitment to diversity and inclusion.
This included appointing an executive sponsor for race, implementing a new HR system to improve data collection and analysis, working with the Employers Network for Equality and Inclusion to facilitate anonymous listening sessions and gather feedback around barriers to progression for ethnic minority staff, and setting an increased target of 45% of women in senior roles.
Adam Harper, director of professional standards and policy, and executive sponsor for race at the Association of Accounting Technicians, said: “We’re delighted that AAT has exceeded its Women in Finance Charter supported by the work that we have undertaken to champion diversity and equality both within the organisation and among our wider membership for many years now. We will continue this with our work to address the barriers affecting our ethnic minority employees.
“Publishing our gender and ethnicity pay gap data annually and maintaining our commitments as signatories to the Race at Work Charter are key elements of our drive to improve and helps to hold us to account for our work in this area.”