Gender Pay Gap Report
We are committed to being a fair employer offering all employees equal opportunity to develop to their full potential regardless of gender.
By law employers with 250 or more employees are required to publish gender pay gap information each year. We welcome this initiative.
Our mean (average) gender pay gap is 13.6%. This is lower than the UK average gender pay gap of 17.4%.
What is the gender pay gap?
A company's gender pay gap is the difference between the average of all women's and the average of all men's earnings, expressed as a percentage of men's earnings.
Gender pay gap is calculated by taking the average pay of all men working in the company and comparing it with the average pay of all women working in the company.
The difference between the two averages is the gender pay gap.
Does a gender pay gap mean that women are not being paid the same as men for doing the same jobs?
No, but this is a common misconception. Paying a man and a woman differently when they do the same or equivalent work is unlawful under the equality legislation.
When a company has a gender pay gap it does not necessarily mean that men and women who do the same job are being paid differently.
Whilst the minority of employees at Neal’s Yard Remedies are men, they happen to be employed in higher paid jobs. The concentration of a small number of men in such jobs causes the average male salary to be higher than the average female salary.
There is no difference in hourly pay rates between the genders in our factory and retail teams.
At Neal's Yard Remedies, 81% of our whole team is female. 56% of our total employees work within our stores, consequently most of our Retail team are women.
Our Gender Pay Gap
Our mean* (average) gender pay gap is 13.6%. The UK average gender pay gap is provisionally 17.4%. *Mean average is the difference between the average of all men’s and all women’s pay achieved when all the rates are added together and divided by the number of males and females. Our median** gender pay gap is 7.6%. The UK median gender pay gap is provisionally 18.4%. **Median is the difference between the mid points in the ranges of men’s and women’s pay achieved by taking the middle figure when the amounts are put in the order of smallest to largest.
These graphics show the percentage of men and women within each pay quartile at Neal’s Yard Remedies:
The Pay Quartiles show that the proportion of women mostly reflects the makeup of our business across the quartiles.
Bonus Pay Gap
Bonus payments include commission earned in store. Our figures show that slightly more women than men received bonuses:
Comparing the mean bonus amounts paid, women received a bonus which on average was 47% higher than men. We have a higher proportion of women within our retail channel which reflects a higher bonus figure.
The median bonus paid was also 161% higher for women.
What we can do better?
We already have a strong leadership team, the majority of whom are female, and we will continue to support the development and progression of both women and men throughout the business as we work to close the gender pay gap.