Our gender pay and bonus gap
What is the Gender Pay Gap? This is the difference in average earnings between males and females, given as a percentage . However, it means that even if all colleagues are paid fairly for their roles, should a business have more men in senior positions, and more women in junior positions, a larger gender pay gap will be reported. Mean Pay Gap 2022 Report mean gap is 29.2%
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. While our pay gap metrics have widened compared to our 2021 report, this is largely due to an increase in recruitment for areas that traditionally attract male applicants and, due to the competitive nature of these specialisms, are also typically higher paid. On the following pages you can read more about the work we have been doing, and continue to do, to tackle this challenge along with other initiatives we’ve put in place to better support our colleagues.
29. 2%
Median Pay Gap 2021 Report median gap is 35.1%
35. 1%
Mean
Median
Mean
Median
Insurance*
17%
11.8%
Financial Services*
32.2%
28.8%
Animal Friends
29.2% 35.1%
Animal Friends
29.2% 35.1%
Difference to sector
+12.2% +23.3%
Difference to sector
-3%
+6.3%
*Data source: Office of National Statistics, 2022 Gender pay gap
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Gender Pay Gap Report 2022 – Animal Friends Insurance
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