Our Gender Pay & Bonus Gap
What is the Gender Pay Gap?
Median Pay Gap Our MEDIAN pay gap is lower than the UK average (11.9 %), however it is significantly lower than generally found in Financial Services (22.3%).
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 mean pay gap is roughly in line with other companies across the UK, although it is lower than generally found in Financial Services and Insurance. Our median pay gap is lower than the UK average, and lower than most companies in all of the relevant comparators. It is especially marked when compared to the Financial Services and Insurance industries. Mean vs. Median – What’s the difference? The mean is calculated by adding up all the salaries of the male employees and dividing this by the number of men we employ. Then the same is done for female employees. 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.
Pay Gap Mean Pay Gap
Our MEAN pay gap is slightly higher than the UK average (14.2%), however it is significantly lower than generally found in Financial Services (26.7%).
Gender Pay Gap Report 2019 – Animal Friends Insurance
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