CONTENTS PEOPLE PETS PLANET
Pay gap overview Overarching mean and median metrics (year-on-year)
Fair wage statement: MPM are dedicated to upholding the principles of fairness, equity, and respect in all aspects of our operations, including employee compensation. We firmly believe that every individual deserves a fair and liveable wage for their work and contributions.
FY2023 v FY2024
Measure
FY2021
FY2022
FY2023
FY2024
Mean pay gap
23.2%
24.1%
22.1%
19.4%
2.1 ppt
Median pay gap
2.6%
-1.9%
10%
8.3%
10.2 ppt
We commit to: Living wage:
Overarching quartiles metrics (current-verse-previous)
Paying all our colleagues across our global offices a living wage and regularly reviewing our wage scales to ensure they align with the cost of living. Bi-annual appraisals: Recognising and rewarding colleagues based on their skills, experience, and performance. We strive to provide competitive compensation packages that attract and retain top talent while fostering a culture of continuous growth and development. Regular pay gap review: Conducting regular evaluations of our compensation practices to ensure they remain fair, competitive, and aligned with industry standards. Recruitment process / policies: We are committed to eliminating pay disparities, promoting blind CVs and using recruiters that are aligned to our ethos. Continue to add wage brackets when advertising external jobs.
FY2023 Report
Mean Gender Pay GAP 2023
FY2024 Report
Mean Gender Pay GAP 2024
Change from FY2023
Measure
39% Male 61% Female
68% Male 32% Female
Upper
22.1%
19.4%
2.7 ppt
27% Male 73% Female
30% Male 70% Female
Middle
-11.8%
-7.8%
3.0 ppt
24% Male 76% Female
22% Male 78% Female
Lower middle
-0.5%
-0.9%
1.4 ppt
21% Male 79% Female
23% Male 77% Female
Lower
7.0%
0%
7.0 ppt
50
MPM Annual Impact Report FY2024
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