Our Gender Pay & Bonus Gap
What is the Gender Pay Gap? Simplyput, it’s the difference in average earnings betweenmales and females, given as a percentage. However, itmeans that even if all employees are paid fairly for their roles, should a business havemoremen in senior positions, andmorewomen in juniorpositions, a largergenderpaygapwill be reported.
Mean
Median
Mean
Median
Insurance
25.1% 21.9% Financial Services
26.4% 20.9%
Animal Friends
26.9%
19.3%
26.9%
19.3%
Difference
+1.8%
-2.6%
+0.5%
-1.6%
Pay Gap Mean Pay Gap
Mean vs. Median – What’s the difference? The mean is calculated by adding up all the salaries of the male colleagues and dividing this by the number of men we employ. Then the same is done for female colleagues. The mean pay gap is the difference between these two numbers, given as a percentage. The median is simpler – calculated by ordering every male’s salary from the lowest to the highest, and picking the number directly in the middle. This is also done for the females. The median pay gap is the difference between these two numbers, given as a percentage.
26.9 %
Median Pay Gap
19.3 %
4
Gender Pay Gap Report 2021 – Animal Friends Insurance
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