Wates Group reports 29.8% mean gender pay gap

Wates Group reports 29.8% mean gender pay gap

Construction organisation Wates Group has reported a mean gender pay gap of 29.8% for average hourly pay as at April 2019, down from 33.2% the previous year.

The organisation, which currently has 4,000 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.

Wates Group’s median gender pay gap is 36.8%, as at April 2019. On average, women earn 63p compared to every £1 their male counterparts earn.

Its median gender pay gap for bonuses paid during the reporting period is 67.6%; compared to a 72% bonus payment gap the previous year. The mean gender pay gap for bonus payments is 54.7%, compared to 61.3% the year before.

Over the reporting period, 77% of female employees and 78.7% of male employees received bonus payments.

Just over two-fifths (12.5%) of employees in the highest pay quartile at Wates Group are female, compared to 14% in the second quartile, 23% in the third quartile and 44.2% in the lowest pay quartile.

James Wates, chairman at Wates Group, said: “Diversity and inclusion continue to be a topic we address at board level and we are determined to make decisive progress towards creating a workforce that is more representative of the communities in which we work, including increasing the number of women in the organisation.”