Cisco has published the first 2023 UK Gender Pay Gap Report, detailing key data and insights on the factors that influence an equitable talent environment. Understanding the many factors influencing differences in pay, and the fairness and inclusivity of an organisation's compensation system is a complex issue. This report serves as a brief summary of our longstanding commitment to compensation fairness and an overview of our progress in accelerating inclusion and equitable access to opportunity in the UK.
The Gender Pay Gap Reporting (GPGR) legislation requires employers in the UK with 250 or more employees to publish calculations every year showing the pay gap between their employees who identify as men and women.
The UK Gender Pay Gap is a basic calculation of the percentage difference between average hourly earnings for men and women, regardless of the work they do.
Earnings include base pay, allowances and any other bonus and incentive pay paid 6 April 2022 – 5 April 2023. The Gender Bonus Gap is the percentage difference in all incentive pay received by men and women in the 12 months up to April 2023, including bonuses and sales commission payments.
The pay gap is not a measurement of equal pay. It is one basic measure across all jobs, not a measure of the differences in pay between men and women within the same job type. Consequentially, a company will have a gender pay gap in this report even if it pays those who identify as men and women fairly in similar roles that are paid more in the marketplace including technical and engineering roles.
At Cisco, we’ve built an innovative framework to test our complex compensation system and its overall health. Our regular reviews look at all factors that influence an equitable talent environment, from new hire offers to individual rewards, so that we can continue to design and deliver fair, inclusive, and competitive pay for our people.
Read the Cisco UK 2023 Gender Pay Gap Report