All companies with 250 or more employees are now required to publish their gender pay gap under new legislation that came into force in April 2017. This report contains Alten LTD’s statutory disclosure of the gender pay gap.
Since April 2017, employers have to publish the gap in pay between men and women on both a median basis (pay per hour based on the person ‘in the middle’ of the distribution of pay) and a mean basis (average hourly salary).
In addition, employers are required to disclose the distribution of gender by pay quartile – in other words, splitting the workforce into four groups based on their pay and showing the proportion of men and women in each group.
Employers are also required to disclose percentages of staff receiving bonuses by gender and the gender gap on bonuses. This report contains the following six pieces of gender pay gap reporting information:
- Mean gender pay gap in hourly pay
- Median gender pay gap in hourly pay
- Mean bonus gender pay gap
- Median bonus gender pay gap
- Proportion of males and females receiving a bonus payment
- Proportion of males and females in each pay quartile
At the time of the snapshot (5 April 2018) the ratio of men to women was 5.75 men per woman.
Gender Pay Gap
- The average pay of the men per hour is 8.13% higher than the women.
- The median pay of the men per hour is 5.69% higher than the women.
Bonus Pay Gap
- The average bonus pay of the men is 57.38% higher than the women
- The median bonus pay for the men is 73% lower than the women.
|3rd LOWER MIDDLE||84.91%||15.09%|
- Portion of males receiving bonus payments is 26.60%
- Portion of females receiving bonus payments is 23.53%