The Equality Act 2010 (Gender Pay Gap Information) Regulations 2016 came into force on 1 October 2016 requiring all employers who employ 250 or more employees to publish, on their website, their overall mean and median gender pay gaps. In companies with a group structure, each legal entity is required to report its data if it employs more than 250 people. Due to the alignment of payroll in 2021, this is the first year Great Places has been able to produce one consolidated report for Great Places Housing Group (which includes all employing companies in the group).
Having a gender pay gap does not necessarily mean that as an
organisation we have acted inappropriately or discriminatory.
We are required to publish:
The median is the middle value and is calculated by organising all of the hourly rates of pay in order and selecting the middle number. The mean is our average pay and is calculated by adding up all of our hourly rates of pay and diving by the number of colleagues.
To create pay quartiles, we have listed the salary of every colleague in order and then split the list into four equal parts to give pay quartiles. Salaries increase from quartile 1 to quartile 4. Below is the summary split of where men and women sit in terms of the quartile pay bands.
The overall median and mean gender pay gaps remain lower than the national averages. Our median pay gap of 2.3% is 13% below the UK median, and our mean pay gap of 5.5% is 7.1% less than the UK average.
The quartile split of our pay gap data shows on average that woman are paid more than men in quartiles 1 and 2. This changes in quartiles 3 and 4 where the mean pay gap shows women paid 2.3% and 7.3% respectively less than men.
The bonus pay gap is also lower than national averages, with no median differential between male and female colleagues. Our mean bonus pay gap shows women received 18.8% less than men – the UK average shows women receive 19.8% less than men.
The median pay gap in all quartiles 1, 2 and 4 show women are paid more than men, though in quartile 3 women are paid 2.3% less than men. Overall the median shows a 2.3% pay gap in favour of male colleagues. This is due to the midpoint data compared by quartile versus that of all data combined. The 2.3% pay gap shown in the full data equates to a differential of 35 pence.
Quartile 2 continues show the smallest pay gap, with the median gap showing women are paid 1.1% more than men, and the mean gap showing women are paid 0.1% more than men.
Quartile 4 has the largest mean gender pay gap with women being paid 7.3% less than men, an increase from 4.2% in 2020. This includes the CEO and Executive Team (4 out of 6 are male), which has an impact on the gender pay gap in this quartile.
Great Places is committed to closing the pay gap between men and women. As an organisation we take equality, diversity and inclusion seriously, with a clear strategy in place to embrace the value of our differences, creating a culture of inclusion and ensuring fairness for all of our people. Aligned to the People Strategy, we will continue to create an environment that provides equal opportunities for all colleagues, irrespective of gender, to reach their career progression potential.
We will:
