Our Gender Pay & Bonus Gap
Median Pay Gap
What is the Gender Pay Gap?
Simply put, it’s the difference in average earnings between males and females, given as a percentage. However, it means that even if all employees 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.
Our MEDIAN pay gap is higher than the UK average (11.9%), however it is lower than typically found in Financial Services (22.3%) and Insurance (22.4%).
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 themiddle. This is also done for the females. Themedian pay gap is the difference between these two numbers, given as a percentage.
Our MEAN pay gap is higher than the UK average (14.2%), however it is lower than typically found in Financial Services (26.7%) and Insurance (28.7%).
Gender Pay Gap Report 2020 – Animal Friends Insurance
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