Gender Pay Gap 2023/24
Algeco is a progressive employer
Algeco is a progressive employer and are passionate about fairness, equality and inclusion, and are committed to become a diverse and inclusive organisation that allow colleagues to be their authentic selves.
The following data represents results for Algeco, which employs over 250 people. Gender pay is a measure of the difference between men’s and women’s average earnings across an organisation. It is expressed as a percentage of men’s earnings. It is important to remember this is different to equal pay, which shows the difference in pay on a like for like basis.
The snap shot date for the data below is 5th April 2024.
Each year companies publish figures for Gender Pay Gap reporting for:
- Mean and median gender pay gap in hourly pay
- Mean and median bonus gender pay gap
- Proportion of males and females who receive a bonus
- Distribution of males and females across pay quartiles
Gender Pay Gap – Hourly Pay and Bonus Pay
The analysis of pay information has identified that males employees have a higher mean hourly pay compared to our submission for 2023/24 however it shows the median hourly rate is higher for female employees.
The figures show the difference between the mean and median hourly and bonus pay of all relevant male and female employees irrespective of their role.
The results are shown as a percentage of male employees’ pay so a positive percentage mean figure would show females have been paid lower than males. The closer the number is to zero, the less of a gap there is.
All our employees are eligible to a bonus or commission scheme.
24.27% of all employees received a bonus in 23/24. The graph below shows the proportion of eligible employees who received a bonus payment.
Distribution of males and females across pay quartiles
The illustration shows the proportion of male and female employees in each of the four pay bands, where the Upper Quartile represents the highest paid and the Lower quartile representing the lower pay.