From April 2017, all UK organisations that employ over 250 employees are required by law to report annually on their Gender Pay Gap Gender pay is the difference between the earnings of all men compared to the earnings of all women in the organisation and, not to be confused with Equal pay, which is when men and women are paid the same for the same work. Quaker Houghton is committed to being a diverse and inclusive employer that empowers all colleagues to reach their full potential and, we are confident that we pay our employees fairly. The Gender pay gap statistics for Quaker Houghton UK are detailed below:
Women’s hourly rate is 15% higher (mean) and 28.8% (Median) higher than men’s. Top salary quartile has 80% men and 20% females Upper middle salary quartile has 73% males and 27% females Lower middle salary quartile has 94% males and 6% females Lower salary quartile is 92% men and 8% female Women’s bonus pay is 0.5% higher (mean) than men and 24.7% lower (median) than men’s 18.5% of men and 22.6% of females receive bonus pay
This information tells us that the overall pay gap is in favour of women and that women are more likely to be in the top 2 salary quartiles and are more likely to receive a bonus. This is an increase since the last report whereby the pay gap was in favour of men. This change is due to an increase in Women being promoted internally in to positions that are more senior with bonus eligibility and higher salary values. This is a positive change for Quaker Houghton UK and in order to maintain this trend we commit to the following actions: • • • •
Regular analysis and monitoring of pay and bonus awards Continue to drive initiatives to attract more Women in to our business Continue to recognise Women who are our top talent and ensure that measures are deployed to retain them in key positions. Drive further initiatives that promote diversity and inclusion in the workplace in order to raise awareness within our business
Whilst we operate a fair job evaluation scheme and treat all applicants fairly, as an industrial Fluid Management business, we find that we largely attract male applicants. Quaker Houghton recognises that despite the positive results we should not become complacent there is still work to do to attract and develop female talent.
Houghton Limited A Quaker Houghton Company Beacon Road, Trafford Park, Manchester M17 1AF, United Kingdom T: +44 (0) 161.874.5000 | F: +44 (0) 161.874.5001 quakerhoughton.com Registered in England 63827