WGEA Gender Pay Gap – Employer Statement
Our 2023-24 WGEA gender pay gap reflects a lower representation of women in senior roles in our Australia population. This gap measures average pay for all women versus men without adjusting for comparable roles or performance, and is not the same as pay equity.
Our WGEA gender composition by pay quartile data reflects our strict pay-for-performance philosophy, our disciplined approach in managing compensation over business cycles and our alignment to shareholder interests. When comparing our organization to others, it's important to note that our reported figures reflect our business mix and include the vesting of incentive deferrals from prior years that may include changes to the instrument value. We pay our employees fair market value based on their role and performance, and our broader approach to paying people fairly includes checks to ensure all employees are paid at least the most recently published living wage.
As part of our commitment to equal pay, we regularly conduct internal reviews on pay equity, and our statistical analyses show a differential between men and women in similar roles across our core financial hub locations of less than 1%. If differences are found that cannot be explained by factors such as performance or scope of role, we look at the root cause and address them. All of our fair pay policies are global, and we apply the same standards across all locations.
We recognize that workforce inclusion is a business imperative and is critical to our long-term success. In our experience, inclusive teams better understand and relate to the diversity of our clients’ needs and interests.
Our approach to transparency is key to achieve inclusion and belonging. We use data monitoring with respective characteristics, including management dashboards and toolkits to support our entire workforce. All of this is core to our Workforce Inclusion strategy.
In addition, we are also current recipients of the WGEA Employer of Choice For Gender Equality Citation which we have held for 20 years.
To learn more about how UBS’s commitment to an inclusive workplace, please visit our Sustainability Report.
To learn more about our pay for performance philosophy please see our 2024 Annual Report.
