Report: Aegon gender pay gap report 2020
It’s overall mean gender pay gap has reduced from 34.7% to 31.5%, and there has been improvement in the upper quartile gender pay gap from 24.5% to 14.1%. Analysis has shown that it’s gender pay gap stems from a lack of female representation among its senior management population.
Key findings:
- approximately 94.8% of males are receiving a promotion compared to 93.5% of women
- females represent 47% of Aegon’s workforce but there are fewer females than males in senior, higher paid roles
- overall median pay gap has worsened from from 23.4% to 28.8%
Aegon signed the Women in Finance charter in 2019 and has set an aspirational gender representation target to achieve 33% female representation in our CEO-2 population by the end of 2021. It also managed to deliver a range of intiatives during the pandemic, which include a mentoring scheme, the re-launch of its Women @ Aegon community and hosted a number of online events targeted at female colleagues and male allies.
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