Aim of this report:

The aim of this report is to communicate our overall Gender Pay Gap figures and how we intend to address any gender pay gap, as a result of this analysis.

This report complies with the 2017 Government Regulations that stipulate companies in England, Scotland and Wales with 250 or more employees, on the snapshot date of 05 April 2023, are required to carry out mandatory Gender Pay Gap Reporting.

•       The data presented in this report represents the gender pay gap for Cision Group Limited & Runtime Collective Limited.

•       Snapshot date of 05 April 2023 using our HR and payroll records.

•       The median represents the middle value within the data set.

•       The mean represents the average value within the data set.

•       Bonus period for the purposes of the bonus calculations: 06 April 2022 to 05 April 2023.

Calculations:

There are six calculations that show the difference between the average earnings of men and women in our organisation.

1.            Mean (average) gross hourly rate of pay

2.            Median gross hourly rate of pay

3.            Mean (average) bonus pay

4.            Median bonus pay

5.            Proportion of males/females in hourly rate of pay quartiles (four bands)

6.            Proportion of males/females in receipt of bonuses in the last 12 months before the snapshot date

The median represents the middle value within the data set. The mean represents the average value within the data set. The bonus period for the purposes of the bonus calculations range from 06 April 2022 to 05 April 2023.

What the figures say:

The provision gender pay gap for median hourly earnings, according to the Office for National Statistics, for 2023 is 14.3%. The Overall Cision (Cision Group Limited & Runtime Collective Limited) pay gap figure at the snapshot date 05 April 2023 is 8.9%, which is 5.4 points lower than the UK median. The mean pay gap is 12.8% in favour of men.

Individually, both Cision Group Limited & Runtime Collective Limited saw median pay gaps of 1.2% and 9.2% respectively. While this is encouraging, we are never done improving. Overall, we have seen slight improvements from 2022 to 2023, showing a decrease in the gender gap headcount and base pay, while the bonus gap will remain a focus area for action planning.