What We’re Doing to Close the Pay Gap
of initiatives to aid this reduction, chief among which is benchmarking for all existing roles. Any employee who fell under 80% of the market median was brought up to this level, and all new roles are now benchmarked going forward, so we are confident men and women are being paid within the correct range for their role. Additionally, bonuses are now equally awarded to the majority of the company on a percentage basis. Applying the same rules where possible has led to a reduced median bonus gap, although the mean gap still remains large.
We are incredibly passionate about providing a culture of fairness, consistency, and transparency at Animal Friends in order to ensure we are welcoming and diverse. Working to improve our gender pay gap and bonus gap is a long-term goal, and we must ensure our initiatives are sustainable. Any initiatives put in place are selected because they are best practices that are fully embedded in the culture of our company. We can already see an improvement between 2018 and 2019, particularly with our bonus gap. Between the two reporting periods, we’ve introduced a number
Working to improve our gender pay gap and bonus gap is a long-term goal, and we must ensure our initiatives are sustainable
Gender Pay Gap Report 2019 – Animal Friends Insurance
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