Gender Pay Gap 2020/21
Algeco is a progressive employer
Algeco is passionate about fairness, equality and inclusion, and are committed to reducing our gender pay gap.
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 2020.
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 male employees have a slightly higher hourly pay.
The following table shows our overall mean and median pay gap based on hourly rates of pay.
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 figure means that female pay is lower than male pay. 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.
13.54% of all employees received a bonus in 20/21. The graph 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.
Declaration
I hereby confirm that the information provided in this report has been accurately collated and reported in accordance with Equality Act 2010 (Gender Pay Gap Information) Regulations 2017.
Managing Director
John Campbell