Real estate services and investment management firm Colliers has reported a mean disability pay gap of 14% for 2024, compared to 17.1% for 2023.
Its median disability pay gap for this year was 12.7%, versus 8% last year, its mean disability bonus gap was 53.6%, compared to 44.5% the previous year, and its median disability bonus gap was 9.3%, down from 5.8%. Around 49% of the firm’s employees took part in a questionnaire about disabilities.
Colliers’ 2024 ethnicity pay gap was 24.9%, a slight change from 23% in 2023, and its median ethnicity pay gap stood at 20.6%, compared to 19.5% previously. Its mean ethnicity bonus gap was 69.6%, versus 56.9% the prior year, and its median ethnicity bonus gap was 75%, compared to 39.7% for 2023.
The firm’s gender pay gap for 2024 was 31.1%, a slight movement from 32.5% in 2023, while its median gender pay gap was 35.4%, compared to 36.8% previously. Its mean gender bonus gap for this year was 74.9%, versus 73.5% last year, while its median gender bonus gap was 66.3%, compared to 70% the year prior.
Tony Horrell, chief executive officer at Colliers, said: “At Colliers, we believe that fostering a diverse and inclusive workplace is not just a moral imperative but a business necessity. Our commitment to closing pay gaps across all areas of our business is a testament to our dedication to creating an equitable environment for all our employees. Closing the pay gap is crucial for promoting greater equality across all areas of diversity.
“We believe it is equally important to address other disparities in the workplace and, to that end, while we don’t have to publish our ethnicity data, we have chosen to do so voluntarily for the past two years. This year, we are taking a further step by including disability data in our reporting. Transparency and accountability are not just corporate buzzwords for us; they are the bedrock of our mission to foster real change. Every step we take brings us closer to true equity for our employees.”
