Gender Pay Gap Report
The gender pay gap is the average difference between the remuneration for men and women. Under UK legislation, as an employer with more than 250 employees, we are required to publish our gender pay gap.
The Government stipulates that the information from 5th April 2023 must be reported by 5th April 2024.
The data required is as follows:
- Mean (average) gender pay gap in hourly pay (shown as a percentage). This is a measure of the difference between the average for women’s hourly pay and men’s hourly pay;
- Median (middle) gender pay gap in hourly pay (shown as a percentage). The median gender pay gap is the difference between the hourly pay of the middle paid woman and the middle paid man.
- Mean bonus gender pay gap;
- Median bonus gender pay gap;
- Proportion of males and females receiving a bonus payment;
- Proportion of males and females in each pay quartile.
Signature Senior Lifestyle Operations Limited embraces these regulations as they lead to greater transparency and encourage action to reduce the gender pay gap which can be evidenced in this report.
Our Mandatory Gender Pay Gap Results are as follows:
Signature Senior Lifestyle Operations Limited
As at 5th April 2023 our mean gender pay gap at Signature is 2.3% and median gender pay gap is 3.4% which are both significantly lower than the UK average.
Hourly rate of pay
The mean bonus pay gap is 0.4%. This is an improvement from the previous year and the gap has narrowed by 9.2%.
The median bonus pay gap has increased 50% and this relates to a legacy ring fenced incentive scheme.
Bonus pay for 12 months
Employees who received bonus pay
Employees by quartile pay bands:
I, Kay Cox, CEO, confirm that the information provided in this statement is accurate.