Luceco have now conducted its second analysis required by the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017, for the financial year ending 31st December 2018, the results of which are published below.
I can confirm that the published data is accurate and is in accordance with the Act.
Like many other employers, our data continues to show, a gender pay gap which is a consequence of a difference in the distribution of roles between the genders. The largest single reason for the distribution difference continues to be a higher proportion of men in senior positions.
I continue to take this matter very seriously and believe that our results for the financial year ending 31st December 2018 show this. I am committed to ensuring Luceco remains an employer of choice for the entire working population, with equal opportunities for all, to achieve their career aspirations within our company and as a result, we have a number of plans in place to reduce the size of the gap further over the coming year, as well as continuing to deliver on the plans that we put into place in 2018.
1. Difference in hourly rate of pay – mean: 42.4%
2. Difference in hourly rate of pay – median: 34.3%
3. Difference in bonus pay – mean: 53%
4. Difference in bonus pay – median: -22%
5. Percentage of employees who received bonus pay
6. Employees by pay quartile
Upper Quartile Male: 75%
Upper Quartile Female: 25%
Upper Middle Quartile Male: 74.5%
Upper Middle Quartile Female: 25.5%
Lower Middle Quartile Male: 74.5%
Lower Middle Quartile Female: 25.5%
Lower Quartile Male: 74.5%
Lower Quartile Female: 25.5%
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