Post Office has reported a mean gender pay gap of 16% for average hourly pay as at April 2019.
The organisation, which currently has over 5,000 employees, reported its gender pay gap data in line with the government’s gender pay gap reporting regulations.
The reporting regulations require organisations with 250 or more employees to publish the differences in mean and median hourly rates of pay for male and female full-time employees, the gap in men and women’s mean and median bonus pay, the proportions of male and female employees awarded bonus pay, and the proportions of male and female full-time employees in the lower, lower-middle, upper-middle and upper quartile pay bands.
Due to the Covid-19 (Coronavirus) pandemic, gender pay gap reporting regulations have been suspended for the 2019/2020 reporting period, however, some organisations have chosen to do so voluntarily.
Post Office’s median gender pay gap is 11.9%, as at April 2019. On average, women earn 88p compared to every £1 their male counterparts earn.
Its median gender pay gap for bonuses paid during the reporting period is 39.9%; which is a increase on the 23% gap in 2018. The mean gender pay gap for bonus payments is 46%, compared to 54% the year before.
Over the reporting period, 93% of female employees and 91.7% of male employees received bonus payments.
Over a third (38.9%) of employees in the highest pay quartile at Post Office are female, compared to 47.7% in the second quartile, 69.2% in the third quartile and 69% in the lowest pay quartile.
Nick Read, chief executive at Post Office, said: “We continue to make progress. Our gender pay gap is 1% lower than last year, and remains less than the UK average. We are moving towards our goal of making sure 50% of senior manager roles are held by women – this was 42.5% in March 2019
“It’s important that as a commercial business driven by a social purpose, we ensure we are as relevant tomorrow as we are today. I’m really looking forward to seeing what more we can achieve together. Our business will continue to focus on improving for our customers and our postmasters, but we’ll also strive to remain a great place to work.”