GRANT & STONE LIMITED

GENDER PAY GAP STATEMENT

We are required by law to publish a statement relating to the gender pay gap within the company and we are reporting on the position as it was at 5th April 2018 and also on the position as it was at 5th April 2017.

The figures have been reached using the mechanisms that are set out in the gender pay gap reporting legislation, and we have reported using the following key metrics:-

  • the difference in the mean pay of full-pay men and women, expressed as a percentage;
  • the difference in the median pay of full-pay men and women, expressed as a percentage;
  • the difference in mean bonus pay of men and women, expressed as a percentage;
  • the difference in median bonus pay of men and women, expressed as a percentage;
  • the proportion of men and women who received bonus pay; and
  • the proportion of full-pay men and women in each of four quartile pay bands.

The company is currently showing a mean gender pay gap of 0.64% compared with 5.03% in the previous year.

The company operates in an industry sector which has traditionally been male dominated, although this position is changing and continues to change. For this reason we sometimes have difficulty in recruiting females to the roles which are usually available.

The company’s policy is driven by commercial considerations and we look to recruit the most suitable candidates for the positions available, and offer the attractive remuneration packages that are required to recruit such candidates, regardless of gender.

At the moment bonus payments are only being made to male members of staff, although there is no company intention for this to be the case. Bonuses tend to be paid to senior members of staff, but because of the difficulty in recruiting female staff in this industry sector, and because some female staff have had career breaks to raise children, we have not been able to appoint any females to these senior positions.

All Directors and Managers involved in recruitment within the company are encouraged to recruit staff at senior levels and more junior levels on the basis of individual merit without regard for the gender of the individuals concerned.

We believe that we have taken care to calculate the information required correctly, and we confirm that the above information is accurate.

 

Graham Akers

Financial Director

Overview 2018

9.71 KB XLSX

Downloadable Statement 2018

13.34 KB DOCX