Gender pay gap analysis
November 22 2023 was Equal Pay Day in the UK1 — the date from which women, on average, effectively start to work for free due to the gender pay gap. Coupled with the fact that as of March 2022, women make up 16.5% of all engineers in the UK2 (compared to 10.5% in 2010), this is a reminder that we all still have a long way to go before achieving real equality and diversity in our workplaces.
Although Whitby Wood is under the minimum size required for mandatory reporting in the UK, we follow the same methodology3 and look at our pay gap based on mean and median pay, and the proportion of men and women in each of our four pay quartiles. For comparison, the mean full-time pay gap in the UK for 2022 was 11.3%1.
With smaller companies like ours, one or two people leaving, joining or being promoted can have a big affect on the yearly figures. This means bigger fluctuations than one might see with larger companies. This year we have added a yearly comparison table (see below).
We are aiming to eliminate our pay gap through progressive recruitment, development and retention policies.
All figures correct as of 6 October 2023
REFERENCES
1 … Fawcett Society, https://www.fawcettsociety.org.uk
2 … Women’s Engineering Society (WES), https://www.wes.org.uk/about/what-we-do/resources/statistics
3 … UK Government, gender pay gap reporting, https://www.gov.uk