The O2's parent company reveals 43% gender pay gap

The O2's parent company reveals 43% gender pay gap

Anschutz Sports Holdings, parent company of The O2 and AEG Presents, has revealed its gender pay gap in the UK.

Along with the major labels, Live Nation and Ticketmaster and tech giants, Anschutz Sports Holdings (which trades as AEG) is among the UK music companies with more than 250 employees who are required to report their gender pay disparity.

Anschutz Sports Holdings reported an average pay gap of 43.3% (mean) and a 41.2% pay gap for the median figure (halfway between the highest and lowest for men and women).

In the top pay quartile, the gender split for jobs is 74% in favour of men; 65% of jobs in the lowest pay quartile are performed by women.

Looking at the recipients of bonuses, 34% of men qualified and 22% of women. Women’s mean bonus pay is 62.6% lower than men’s, while median bonus pay is 16.7% lower. 

The figures are based on a snapshot in April 2017. The company said at the time it employed 363 staff, of which 187 were women and 176 men.

AEG’s guidance document said the pay gap figure was affected by the gender split in event staff at The O2 – 70% of the 145-strong team are women.

“If we were reporting only on our salaried employees the gender pay gap would be 19% median and 35.9% mean,” said its statement. “This statistic indicates the significance that the hourly paid workforce have on the gender pay gap.”

In the document signed by Tom Miserendino, president & CEO of AEG Europe, the company has made commitments including maintaining a fair approach to recruitment, promoting a culture of inclusion and gender neutral pay and reward processes.

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