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 2019 are required to carry out mandatory Gender Pay Gap Reporting.
There are six calculations that show the difference between the average earnings of men and women in our organisation.
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 01 April 2018 to 05 April 2019.
The UK average gender pay gap according to the Office of National Statistics is currently 17.3%. The pay gap figures as of the snap shot date 05 April 2019 is 7.9% which is 9.4% lower than the UK average. The mean pay gap is 25.3% in favour of men.
The gender pay gap for the median bonus payment stands at 14.5% with the mean bonus pay gap being 12.7%, which is a 50% reduction on the 2018 figure. Even though the median gender pay gap is well below the UK average figure, there is still work to be done to reduce this gap further..
+44 (0)20 7074 25605 Churchill Place, Canary Wharf, London E14 5HU
+44 (0)20 7074 2560from 8 AM - 5 PM GMT