I am pleased to share our UK gender pay gap data for 2022. This is the sixth year that we have disclosed our UK gender pay gap figures, which show continued progress in gender equity and inclusion at the firm. As shown in the report, the gap has narrowed further and representation has increased since last year’s report.
Investing in the recruitment, advancement and retention of women at all levels is a strategic focus of the firm. As of Q4 2022, women represent 49% of our global workforce, 40% of our EMEA workforce and 39% of our Operating Committee. In the UK, representation of women in senior roles rose to 28.3% in 2022 – a 1.6% increase from the year prior and the highest level since we signed the UK Women in Finance Charter in 2018.
There is ongoing work to continue to narrow the gap and continue to improve the representation of women, particularly at our most senior levels. Through our accountability framework, we strengthened the way we incorporate our goal of increasing representation of underrepresented groups into year-end performance evaluations and compensation decisions for our most senior leaders globally. This positions us to drive accountability further to more leaders and managers throughout the firm.
Notable achievements over the past year include:
Continued commitment by the EMEA Management Committee and the firm’s senior leaders will enable us to meet our long-term goals and achieve sustainable success as a firm. We are determined to continue to improve the representation of women at the firm and build upon our progress to further close the gender pay gap.
Viswas Raghavan, EMEA CEO
|Low to Median||40.3%||59.7%|
|Median to High||34.3%||65.7%|
|% Employees Received Bonus||88.5%||89.3%|
*UK overall figures include all UK legal entities, including those with fewer than 250 employees.
The following are some key findings on our overall UK figures:
At JPMorgan Chase, we strongly believe that a diverse and inclusive work environment is critical to our success — and it includes a commitment to gender diversity. Women represent 50% of our global workforce and 37% of our firm's Operating Committee. We know there is more work to be done to increase the number of women in senior positions. We are focused on supporting and developing women at all levels, and we expect our managers and leaders across the firm to help us drive progress. While we recognize that meaningful change will take time, we are committed to continuing our efforts to engage and empower women. To build on our commitment we are pleased to have signed the UK Women in Finance Charter and set a target to achieve 30% women in UK located roles at our top two levels (Managing Director and Executive Director) by June 2023. When we signed up to the Charter in June 2018 we had 24.4% female representation. Position in June 2023 to be update by 31st December 2023.