What is the Gender Pay Gap?
The gender pay gap or gender wage gap is the average difference between the remuneration for men and women who are working. Women are generally paid less than men.
The gender pay gap is different to equal pay.
‘Equal pay’ refers to men and women receiving equal pay for the same jobs, similar jobs or work of equal value. Formula 1 is confident that it complies fully with equal pay legislation and we review our salary and compensation structures regularly to ensure that there is no unfair gender or other bias in how our staff are paid.
Formula 1 are one of the latest sports to address the issue of the Gender Pay Gap since the arrival of new owners Liberty Media in 2017. The sport published its ‘Gender Pay Gap Report’ revealing the stats behind the gaps, and the work the sport is putting into trying to close that gap.
In a statement by Chase Carey, Executive Chairman and CEO of Formula 1:
Further to the change of ownership in early 2017 the company embarked on a change agenda to broaden the appeal of the sport and to build a more diverse following.
Part of that mission has been to ensure that our employees reflect the fanbase that we serve.
Clearly there is a job to be done to create more gender diversity at Formula 1 and the leadership team are committed to doing just that.
Formula 1 has a long tradition of being a male dominated sport. In almost 70 years it has existed, only 5 women have entered a Grand Prix compared to almost 900 men. It is however, one of the very few sports in which both sexes are free to compete on a level playing field. The last woman to score a point in a F1 race was Italian Lella Lombardi, who came in sixth in the Spanish Grand Prix in 1975.
This graphic outlines the percentage of men and women permanently employed at Formula 1
SOURCE: Formula 1 Gender Report
Since the ending of Bernie Ecclestone reign, the new owners Liberty Media, have been keen to show that the sport actively wants to diversify itself. In the first year of ownership alone, they committed to the following gender equality areas:
- Moved to eliminate gender stereotypes like ‘grid girls’
that sit at odds with our values as a global sport
- Supported F1 In Schools to strengthen the routes to
enter the motorsport industry
- Launched internships, open days and a range of mentoring schemes to encourage young women to experience working life in motorsport at our Biggin Hill broadcast and engineering facility
To read the full report on the Formula 1 2017 Gender Pay gap report – CLICK HERE