We are an employer required by law to carry out Gender Pay Reporting under the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017.
As an employer we are required to carry out six calculations that identify any differences between the average earnings of men and women within our organisation, it does not require or involve the publishing of any personal individual employee data.
The six calculations are outlined below: 1. Our mean gender pay gap
• The mean gender pay gap is the difference between the average hourly rate of pay for women and the average hourly rate of pay for men
2. Our median gender pay gap
• The median is the midpoint of a sorted list of hourly rates of pay (low to high), split separately for men and women. The median gender pay gap is the difference between the midpoint hourly rate of women’s pay and the midpoint hourly rate of men’s pay
Our mean bonus pay gap
Our median bonus pay gap
5a. The proportion of men in our organisation receiving a bonus payment
5b. The proportion of women in our organisation receiving a bonus payment 5c. The percentages of males and females receiving bonus pay across the UK 6. The proportion of men and women in each quartile pay band
We are required to publish the results on our own website and a government website. We will do this within one calendar year of 5th April 2023.
The gender pay gap is the difference in pay between men and women spread across a whole organisation. It is different to equal pay. Equal pay refers to men and women receiving the same pay for the same or comparable work.
Mostly, a gender pay gap in favor of men is due to the fact that women are less represented in the highest levels of business. At ACCO Brands UK, the representation of women in the higher salary bands is less than the representation of men (top quartile pay band: 28% women, 72% men), being the main factor for driving the gender pay and bonus gap in the company.
The data is based upon actual salaries earned and not FTE equivalent. Our data, taken as at 5th April 2022, and accompanying statements are set out below.
Our median gender pay gap is 21.93%.