The past year has seen unprecedented challenges for all businesses, and our efforts, like many, have been geared towards weathering the impact of the COVID-19 pandemic. As we emerge and adapt to a ‘new normal’, we feel it is imperative to reaffirm our commitment to equality in the workplace.
We have produced our Gender Pay Gap Report to provide a high-level snapshot of pay within our business, demonstrating the differences in average pay between all male and female employees as of 5 April 2020.
Our mean pay gap is 8.39%. This is the first year that Ascona has published a Gender Pay Gap Report and so we will now work towards building upon this data in order to record our progress. Our median pay gap sits at 0.36%, far below the national average of 15.5%. We believe this to be a more representative measure of the pay gap at Ascona as it is not affected by outliers at the top or bottom of the pay range.
CLOSING THE GAP
Whilst our data identifies certain gaps, we intend to be fully transparent as to any issues causing this gap. The main cause of our gender pay gap, as with many companies, is largely due to the lack of women at the most senior levels of our company.
Although the report identifies gaps in certain areas, this largely reflects the proportion of male and female employees within the company which is mainly driven by those applying for roles with us. As a company we stand by our Equal Opportunities policy and encourage all applicants to consider a career with us.
Our methodology in relation to how we determine pay rates at Ascona is gender-neutral. We will continue to review our attraction and retention strategies across all areas of the business to ensure that we continually promote an inclusive and diverse workforce, allowing everyone at Ascona to build and sustain a successful career with us. There is always work to do and we are committed to making improvements.
I can confirm that this statement for the year ending 5 April 2020 is made pursuant to section 2 of the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 and that the information contained therein is accurate and will be recalculated and published annually.
Group Finance Director