All GB companies employing 250 people or more are required to report annually on their gender pay gap statistics. The gender pay gap is the difference in the average pay and bonuses of all men and women across the organisation. Across GB, the gap shows that the average hourly earnings are 15.5% (median) and 14.6% (mean) (ONS 2020) lower for women than men. In line with the regulations, employees who were furloughed and receiving less than full pay during the relevant pay period have been excluded from the pay gap (but not the bonus gap) calculations.
The statistics are inevitably influenced by a number of external and internal factors and should therefore be treated with a degree of caution. The food manufacturing sector has also traditionally been relatively male dominated. We are confident that we have equal pay for work of equal value and that our approach to recruitment, development and reward has enabled us to achieve statistics that are in almost all cases significantly better than the GB average.
Euro Foods Group Limited has a mean gender pay gap of 11.1% and a median gap of 5.0%, both of which are lower than the average GB gap. This gap arises because of the unequal distribution of men and women across the company, not because of our pay policies and practices. Women are well represented in senior positions that attract higher levels of pay. No bonus awards were made during the year.
|Gender pay gap
|Gender bonus gap