Savills has become the first UK estate agent to break cover and publish its gender pay gap data under the government’s new reporting requirements.
From this year, any organisation with more than 250 employees is required by law to report and publish their gender pay gap data by 5th April each year.
Excluding its City trading arm, the median gender pay gap at Savills is currently 37% while the median bonus gap is 69%.
And more men than women receive bonuses in the UK – 88% of male employees compared to 80% of female ones.
This, CEO Mark Ridley (pictured, left) says, is largely down to the industry’s track record, which has “historically attracted fewer women than men, with the result that there are now more men than women at a senior level”.
“Addressing this imbalance is a key focus for Savills UK and we believe that we have made significant progress over the last few years to improve diversity in our business.”
One key achievement for the company is its ‘return to work coaching programme’ which has seen the ratio of women returning to Savills after maternity leave increase from 10% to 95% since 2015.
Mark also says its graduate programme has delivered an equal ratio of men and women joining the business over the past four years, while female employees now represent 52% of Savills UK employees and 41% of its directors.
The company has also revealed the lengths to which it has gone to achieve this, including unconscious bias training, diversity working groups, coaching and mentoring programmes, shared parental leave for both parents, an improved maternity leave policy and several wellbeing and mindfulness programmes.
Read more about Savills.