Gender Pay Gap Statement
Under the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017, with effect from 6 April 2017, we are required to publish gender pay gap information by reporting the percentage differences in pay between male and female employees.
As at the ‘Snapshot date’, 5th April 2017, the results are as follows:
- The mean gender pay gap is 8.6%
- The median gender pay gap is 8.9%
- The mean bonus gender pay gap is 35.3%
- The median bonus gender pay gap is 20.0%
- Proportion of males who received a bonus 2.4%
- Proportion of females who received a bonus 2.4%
Gender Pay by Quartiles:
Lower Quartile 7.0% 93.0%
Lower Middle Quartile 17.1% 82.9%
Upper Middle Quartile 16.9% 83.1%
Upper Quartile 21.4% 78.6%
SUMMARY FROM THE DIRECTORS
We are committed to taking any steps necessary to reduce or eliminate the gender pay gap. We have implemented a number of actions intended to reduce the gender pay gap, including a review of staff bonus schemes, recruitment processes and career development opportunities.
We are committed to the principle of equal opportunities and equal treatment for all employees. There is a clear policy of paying employees equally for the same or equivalent work. As such, we
- Carry out pay and benefits audits at regular intervals; and,
- Evaluate job roles and pay grades as necessary to ensure a fair structure.
We are therefore confident that our gender pay gap does not stem from paying men and women differently for the same or equivalent work. Rather our gender pay gap is the result of the roles in which men and women work and the salaries that these roles attract.