Steinhoff UK Beds Ltd – Gender Pay Gap Report 2017
What is gender pay gap reporting?
From 2017 onwards, any UK organisation employing 250 or more employees has to publicly report on its gender pay gap in six different ways: the mean and median gender pay gaps; the mean and median gender bonus gaps; the proportion of men and women who received bonuses, and the number of men and women according to quartile pay bands.
The gender pay gap shows the difference in the average earnings between all men and women in an organisation.
The mean gender pay gap is the difference between the mean hourly rate of pay of male full-pay relevant employees and that of female full-pay relevant employees.
The median gender pay gap is the difference between the median hourly rate of pay of male full-pay relevant employees and that of female full-pay relevant employees.
Gender pay gap reporting does not mean that organisations have to report on equal pay. Equal pay is about differences in the actual earnings of men and women doing equal work. Steinhoff UK Beds Ltd is an equal pay employer.
Steinhoff UK Beds Ltd is committed to providing equal pay for equal work, not just because this is a legal requirement but because it is the right thing to do. We conduct regular analyses that show male and female employees are paid equally for equivalent work. Our pay policies and practices are designed to control potential biases and to ensure equal pay for equivalent jobs, regardless of gender.
Our gender pay gap data
We collected our data on 5 April 2017 for full paid relevant employees, when our workforce consisted of 71 women and 207 men. The figures show that Steinhoff UK Beds Ltd has a mean gender pay gap of minus 2.6% (females were paid higher than males) and a median gender pay gap of 0% (males and females paid the same).
In common with many manufacturing Industries, our organisation is predominantly male. Given that 74% of our workforce is male, it is also the case that men outnumber women at senior management levels within the business.
The results show that 61% of total women are in the upper middle and upper pay quartiles, and 39% of women in the lower and lower middle quartiles, which compares favourably to the percentage of males.
For men these percentages are 54% in the lower and lower middle quartile and 46% of men in the upper middle and upper pay quartiles.
The higher percentage of females in the upper middle and upper quartiles, compared to men has resulted in women being paid in all measures higher than men.
Women’s earnings are:
Mean gender pay gap in hourly pay 2.6% higher
Median gender pay gap in hourly pay 0.0%
Difference in mean bonus payments 46.5% higher
Difference in median bonus payments 33.4% higher
Proportion of men and women receiving a bonus payment:
Men 2.7% were paid a bonus
Women 5.3% were paid a bonus
Proportion of men and women in each pay quartile (%):
Lower quartile: Men 65.7% Women 34.3%
Lower middle: Men 94.3% Women 5.7%
Upper middle: Men 65.2% Women 34.8%
Upper: Men 72.5% Women 27.5%
Action to reduce any potential gender pay gap
We will continue to encourage Women to join our organisation through an inclusive culture and gender neutral practices in our recruitment process.
We will continue to provide training and development opportunities for all employees.
We support flexible working where it is appropriate to do so.