Sky Reports 11.5 Percent Gender Pay Gap in U.K.
The pay TV giant blames "female under-representation" for the figures and says it is working toward a gender balance of 50:50 in its senior executive ranks by 2020.
European pay TV giant Sky on Wednesday reported an average 11.5 percent gender pay gap among its 25,000 employees in the U.K., a figure that rises to 40 percent taking into account bonuses.
In a video report published Wednesday, the company said that the gap arose from a "gender imbalance" in its senior role and higher job categories, such as technology divisions. "Pay equality isn't the issue, female under-representation is," it said.
The pay gap is something all British companies with more than 250 employees are obliged to report.
Sky's figures are lower than those of other U.K. TV giants, with ITV having reported a 16.4 percent gap and Channel 4, 28.6 percent. The BBC, which has been under pressure following of a major scandal over its gender pay inequality, last year reported a gap of 9 percent, while the national average is 14 percent.
Sky highlighted its attempts to improve it female representation, with U.K. CEO Stephen van Rooyen pledging to have a "50:50 gender balance amongst our most senior roles by 2020."
The Walt Disney Co. has agreed to acquire big parts of 21st Century Fox, including the latter's 39 percent stake in Sky, while Comcast has also unveiled plans to buy Sky.