Gender Pay Statement

We employ direct 66% women and 34% men

Gender Pay Statement 2017

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 six calculations that show the difference between the average earnings of men and women in our organisation; it will not involve publishing individual employee data.

We are required to publish the results on our own website and a government website. We will do this within one calendar year from April 5th 2017.

 

We can use these results to assess:

  • the levels of gender equality in our workplace.
  • the balance of male and female employees at different levels.
  • how effectively talent is being maximised and rewarded.
  • The challenge in our organisation and across Great Britain is to eliminate any gender pay gap.

Gender Pay Reporting requires our organisation to make calculations based on employee gender. We will establish this by using our existing HR and payroll records. 

1  Average gender pay gap as a mean average   15%
2  Average gender pay gap as a median average   4%
3  Average bonus gender pay gap as a mean average   14.5%
4  Average bonus gender pay gap as a median average   0.5%
5  Proportion of staff eligible for bonus, actually received it Male - 82% Female - 75%
6  Proportion of men and women in the four banded pay groups Male Female
   Lower salary Band1 30% 70%
   Salary Band2 40% 60%
   Salary Band3 15% 85%
   Higher Salary Band4 65% 35%

Linsco is an equal opportunities employer and offer a tiered salary structure, irrespective of gender. We currently employ more women (66%) than men (34%).

All trainees and new staff are recruited under the same structure and their earning ability depends on their success and career progress. All employees are encouraged to grow and earn to their full potential. Any pay gap difference shown will be a result of differing roles & bandings, however all employees working in the same bandings will be earning the same rewards. Measures will take time to show, however through training, mentoring and support we will aim to reduce the pay gap figures so that it represents a more balanced and equal situation.

We strive to continually improve our gender gap and will publish the results again in April 2018 as requirement of the government initiative into equal pay