April 9, 2021
PIB's latest gender pay gap report is now available and reveals further improvements. With four years of data now at hand, the report also shows a positive overall score of the gap closing.
The Gender Pay Gap is a government initiative and an annual requirement where business leaders must publish high-level data on pay within their organisation to show the pay difference in the average pay between all men and women. Organisations across the UK which employ 250 or more people would have been required to report basic data from a 'snapshot' date of 5 April 2020.
At PIB, we welcome this opportunity to take stock and reflect on progress. It is also an important reminder for staying focused on our long-term programme of initiatives to keep moving the dial in the right direction.
While there are no 'quick fixes' our efforts are making a difference, with more small improvements for both our mean and median pay gaps, along with positive overall scores since PIB first started reporting in 2017.
However, the same challenges remain as PIB is a fast-paced business with an acquisitive model, which impacts our gender pay gap reporting. New acquisitions continually change the shape of our Group. We therefore remain focused on closing the gap through initiatives that enable us to attract and retain top talent, and also growing our reputation as an employer of choice within our industry.
Our report explains:
- companies and functions included in PIB's latest report, when we took a snapshot of data in April 2020
- gender pay gap figures
- achievements to date under our measures of recruitment and retention
We confirm that the data contained in this report is accurate and look forward to sharing our progress.
Fiona Andrews, Chief People Officer for PIB Group