Gender Pay Report

2017 Gender Pay Report

Under new legislation that came in to force in April 2017, UK employers with more than 250 employees are required to publish their gender pay gap.

Headline Gender Pay Figures

The table below shows the mean and median gender pay and bonus pay gap based on hourly rates of pay as at the snapshot date of 5thApril and bonuses paid in the year to 5thApril.

Mean Median
Gender Pay Gap 33.31% 36.41%
Gender Bonus Pay Gap 2.13% 20.94%

 

The proportion of males and females receiving a bonus payment is

Males 10.88%
Females 2.17%

 

The table below shows the proportion of females to males in each quartile band of pay.

Females Males
Upper 9.1% 90.9%
Upper Middle 30.4% 69.6%
Lower Middle 54.6% 45.5%
Lower 55.4% 44.6%

 

Understanding the Gap

The analysis of the gender gap figures tells us that women hold fewer senior positions within the company. Women make up 37% of the workforce but only 6% of these are in the upper quartile.  Bonus payments are predominately paid to senior managers and sales managers where there is a lower proportion of women, giving rise to the gap in bonus payments.

Declaration

I confirm that Pyronix Gender Pay Gap calculations are accurate and meet the requirements of the Regulations.

C S Herdman

Finance Director