Gender Pay Report

2021 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 each year. 

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 5th April and bonuses paid in the year to 5th April.

  Mean Median
     
Gender Pay Gap

31.89%

23.98%
     
Gender Bonus Pay Gap

52.93%

35.45%

 

The proportion of males and females receiving a bonus payment is

Males

7.86%
   
Females

8.42%

 

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

  Females Males
     
Upper

18.2%

81.8%
     
Upper Middle

37.0%

63.0%
     
Lower Middle

46.3%

53.7%
     
Lower

51.9%

48.2%

 

Understanding the Gap

The analysis of the gender gap figures tells us that women hold fewer senior positions within the company.  Women make up 38.2% of the workforce but only 12.05% 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. 

The company operates an equal opportunities policy for all recruitment with the aim of recruiting the strongest candidate for the position.  The environment we adhere to is for all staff to reach their full potential with an equal opportunity policy and process towards all aspects of training, promotion, succession and recruitment.

Declaration

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

C S Herdman

Finance Director