Samsung Electronics UK reports a 17.8% mean gender pay gap

Technology firm Samsung Electronics UK has reported a 17.8% mean gender pay gap for fixed hourly pay as at April 2019.

The organisation, which currently employs 1,096 staff, 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.

Samsung’s median gender pay gap for fixed hourly pay is 15.5%, as at April 2019. On average women, earn 84p compared to every £1 their male counterparts earn.

Its mean gender pay gap for bonuses paid during the reporting period is 42%; which matches payments made in 2018. The median gender pay gap for bonus payments is 39%, compared to 34% in 2018.

Over the reporting period, 92.7% of female employees and 91.4% of male employees received bonus payments. This is an increase of 5.5% and 2.8% respectively since 2018.

Less than a quarter (21%) of employees in the highest pay quartile at Samsung are female, compared to 27% in the second quartile, 33% in the third quartile and 42% in the lowest pay quartile.

Francis Chun, president and chief executive officer, UK and Ireland, at Samsung Electronics UK, said:  “Here at Samsung UK, we create human-driven innovations that defy barriers to progress. We apply the most advanced technologies to empower people with the tools to help them make meaningful progress in their lives. It’s part of our commitment to ensure the next generation is prepared to flourish in a technology-driven future.

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“We believe the spirit of innovation knows no race, religion, nationality, orientation or gender.

“We believe in progress for all. It’s why Samsung UK is committed to leading change, both in our business and across the industry as a whole. People are at the heart of everything we do; it’s in our DNA to support them to achieve their full potential.”