Friday Figures - 25 Apr

Universal Musics Gender Pay Gap is widening

As of April 2024, Universal Music’s mean pay gap increased slightly to 27.5% (up from 25.9% in April 2023, 25.6% in April 2022 and 31% in 2021).

“We made real progress in 2022 which was maintained in 2023 including increasing the overall number of women in the business from 43% to 45%, providing development and coaching support for senior women promoted to lead business units and achieving a gender-balanced pipeline of junior talent,” said the report from Universal Music UK. “However, we have made less progress in the number of females represented in the upper middle quartile and upper quartile.

“The reality is that our pay gap is likely to remain flat until such time that more females progress into the upper middle and upper quartiles, and this must continue to be a priority area.”

Universal Music said that it had continued to embed the actions taken in 2022 to increase the number of women in teams where they are under-represented. It has also made changes to benefits.

Read the report here.