L&Q's 2020 fair pay report
L&Q’s latest fair pay report has revealed that the median gender pay gap stands at 5.8% - almost 10% less than the national average.
The new figures reveal that the median pay gap between male and female employees is lower than when reporting began in 2017.
In 2017, median figures showed that male employees earned 9.5% per cent more, compared to 5.8% in 2020 (this figure is up from 1.3% in 2018/19, which saw an exceptional change owing to senior management restructuring).
For comparison, the latest UK-wide figures from the Office for National Statistics show that the national average median gender pay gap is 15.5%.
The median ethnicity pay gap also fell from 2.3% to 0.9% in the latest L&Q report, which uses data from 2020.
Figures from care and support subsidiary, L&Q Living, reported a 9.1% median pay gap for gender and -2.2% median pay gap for ethnicity.
The report also shows that the median wage for disabled L&Q employees was 6.7% higher than for other colleagues, and 6.3% higher for L&Q Living.
In publishing our disability pay reporting, L&Q has joined the minority of organisations that currently do so.
To tackle the pay gaps further, L&Q is continuing to:
- Invest in recruitment; including setting leadership targets, giving Executive Group scrutiny, improving our flexible working offer and reviewing where we advertise roles.
- Develop a succession and talent management strategy, with the requirement to nurture diverse talent at its heart.
We have also:
- Increased diversity and inclusion training, including modules on unconscious bias.
- Launched an inclusive leadership and management programme, to support leaders and people managers to nurture diverse talent.
- Introduced 360 mentoring, enabling senior leaders to access the diverse perspectives, experience and skills of junior colleagues.
L&Q’s Assistant Director of Diversity and Inclusion, Jan Gale, said: “It’s a fantastic achievement to see our gender pay gap continuing to decrease, and our ethnicity pay gap falling below one per cent. It shows that the steps we are taking to promote equality throughout the organisation are bearing fruit. We are fully committed to improving pay parity and are proud to remain transparent by including our ethnicity and disability pay reporting once again in our fair pay report this year.”
To find out more, download the 2020 fair pay report (PDF)
*The L&Q fair pay report is based on a snapshot date of 5 April 2020. Under government regulations this must be published no later than 4 October 2021. The reference to the 2020 report refers to the snapshot date rather than the publication date.