Pay gaps at Nationwide

One where everyone is valued, rewarded fairly, and supported to reach their full potential.

Which is why at Nationwide, we are building an inclusive culture where everyone can thrive.

We have set ourselves measures of success that cover inclusion and diversity, and we look at our year-on-year progress. Alongside these measures, we publish our gender and ethnicity pay gaps.

Companies with more than 250 employees must publish their gender pay gap statistics before 5 April every year.

Pay gaps are the difference in average hourly pay, when comparing different groups of people within an organisation. For example, the gender pay gap compares all women with all men.

While we recognise that there are many gender identities, for government reporting we have to report on men and women.

There is no legal requirement to report ethnicity pay gaps. However, at Nationwide, we believe it’s important to report this figure.

To calculate our ethnicity pay gap, we compare the average pay of people who declare themselves ethnically diverse (black, asian and minority ethnic) to those who declare themselves as white (non-ethnically diverse).

We’re pleased that nearly 90% of colleagues chose to declare their ethnicity. This gives us a good understanding of our pay gap and helps us track our progress.

As of 5 April 2024, our mean gender pay gap is 26.8% and our mean ethnicity pay gap is 6.9%. Our mean gender gap has decreased, whilst our mean ethnicity pay gap has slightly increased.

This year, through more inclusive hiring we have increased the proportion of men into our customer-facing and support roles, with proportionately more women being hired into our specialist, manager and leadership roles, which is why our gender pay gap has decreased.

We’ve increased the proportion of ethnically diverse colleagues across all areas of the business, predominantly within manager, specialist, customer-facing and support roles.

You can read more about our pay gaps, and our commitment to inclusion and diversity, in our downloadable narrative and related links.