Gender Pay Gap Reporting
Rich Products Ltd –Gender Pay Gap Reporting Snapshot Date April 21
We are an employer required by law to carry out Gender Pay reporting under the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017. This involves carrying out calculations that show the difference between the average earnings of men and women in our organisation: it will not involve publishing individual employee’s data.
We are required to publish the results on our website and a government website. This information below is based on data as at the 05th April 2021. At this date Rich employed 193 employees, 58% being male and 42% being female.
Mean hourly pay difference between male and female employees is -6%, this means that males are paid 6% less than females.
Median hourly pay difference between male and female employees is 0%, this means that males and females are paid equal
Mean bonus difference between male and female employees is -40.48%, this means that men have received 40.48% less bonus than females.
Median bonus difference between male and females is -38.88%, this means that males received 38.88% less bonus than females.
85.41% of males received a bonus and 93.9% of females received a bonus. 9.74% received no bonus in the 52 weeks prior to this snapshot date.
Gender Split Pay Quartiles
|Lower Middle Quartile||55%||45%|
|Upper Middle Quartile||55%||45%|
We now are back to a full time work force and ended furlough for the majority of our staff in July 2020. We processed a full salary review in April 2021.
We received a good percentage of our performance bonus based on results from WHQ but we also gave our employees in operations a bonus to recognise productivity during the difficult lockdown period when most staff worked.
What are we doing next
We will continue to benchmark our roles and develop all of our employees.