Gender Pay Gap Reporting Statement

CONTEXT

The Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 requires all companies that employ in excess of 250 employees to report annually on their gender pay gap and to publish the outcomes on their website.

The gender pay gap is defined as the differences in the average earnings of men and women over a standard time
period, regardless of their role seniority.The outcomes can help assess the levels of gender equality within the
organisation and the balance of male and female at different pay grades.

The gender pay gap is different to equal pay. Equal pay takes into account the nature of a role and its seniority with gender pay. The gender pay gap comparison compares a simple average of the pay between male employees and the pay of female employees.

The data which includes employees, contract and bank workers taken at a ‘snapshot date’ will be available shortly.