Rical Gender Pay Gap Statement
The Gender Pay Gap reporting regulations came into effect on 5 April 2017, with organisations in Great Britain with over 250 employees being required to publish their results on an annual basis.
Rical Group fully support this Government initiative and in calculating the Gender Pay Gap information helps us understand what actions are required to reduce or eliminate any gaps.
Understanding the gender pay gap
The gender pay gap is the difference in pay between men and women explained through a number of statistics and it is influenced by a range of factors.
The gender pay gap is different from equal pay
Equal pay is about a man and a woman receiving equal pay for the same or similar job. We are confident that men and women are paid equally for doing equivalent jobs across our business.
Mean pay gap: The mean gender pay gap is the difference in the average hourly pay for women compared to men, within a company.
Median pay gap: The median represents the middle point of a population. The median figure is the difference between the midpoints in the ranges of women’s and men’s pay or bonuses …