PRS for Music publishes 2024 Gender and Ethnicity Pay Gap Report

This year marks the fourth year that we have published our ethnicity pay gap results, alongside reporting our gender pay gap results, which is now in its eighth year. We do so to foster transparency and build confidence in our commitment towards achieving gender and racial parity. 

Read the full Gender and Ethnicity Pay Gap Report 2024 here.

It is widely acknowledged that organisations with a diverse workforce and inclusive culture tend to perform more effectively. Diversity helps increase creativity, innovative thinking and strengthens employee engagement. The targets that we have established are intended to be long lasting and sustainable, not just for the PRS of today but also for the organisation we will be in the future. While we have seen modest improvements, our results are not yet where we aspire to be. It is vital that we continue to improve the diversity of our organisation across all levels, in doing so, we will better represent the songwriters, composers and publishers we serve.

At PRS for Music, reducing the gender and ethnicity pay gaps remains a strategic goal and despite mixed results this year, we remain encouraged that our long-term trend is downwards. It can feel frustrating that the pace is slow, however our focus is to keep delivering activities and improved working practices that drive fairness and equity whilst also looking to innovate and launch new programmes that accelerate change. We are proud of the progress that we are making but are not complacent when there is still much to be done within the organisation.

Closing the gap at PRS for Music is not just about equity and fairness, it’s about attracting, retaining and inspiring a high performing workforce of the future. We know that each year there are factors that are outside of our control which impact the results. In order to future proof our talent pipeline we will continue to focus on recruitment, skills based hiring, talent reviews and internal progression across the organisation. By refining our strategies, listening to our teams, and holding ourselves accountable, we can ensure progress is both meaningful and enduring.

About PRS for Music

Here for music since 1914, PRS for Music is a world-leading music collective management organisation representing the rights of more than 175,000 talented songwriters, composers and music publishers. Redefining the global standard for music royalties, PRS for Music ensures songwriters and composers are paid whenever their musical compositions and songs are streamed, downloaded, broadcast, performed and played in public. 

For more than 110 years it has grown and protected the rights of the music creator community, paying out royalties with more accuracy, transparency and speed. In 2023, PRS for Music paid out £943.6m in royalties and collected a record £1.08 billion in revenues. prsformusic.com