Savills slammed for ongoing 43% gap between male and female pay
Industry is better than many other industry's but still women are paid 11% less on average than their male counterparts.
Savills has been slammed by a new report into the gender pay gap for the considerable difference in earnings between its male and female staff, along with online retailer Asos and EasyJet.
The research, completed for The Times newspaper, reveals that for every 90p earned every hour by women across the UK, men earned £1.
Most firms within the property industry do not have to report this data, so the gender pay gap within the property industry remains largely unrecorded.
Only firms with more than 250 employees have to report gender pay gap data, and according to The Times, Savills is the ‘worst offender’ with a median pay gap of 41%, albeit similar to last year.
But it’s not clear why it picked out Savills – perhaps because it’s the best-known agency within the sector – as several firms including Andrews and Strutt & Parker/BNP Paribas have larger gaps – see below.
Widening
Within its most recent report on pay, Savills said it had “worked hard to build up our apprenticeship offering and transform our graduate schemes and because this recruitment has been most pronounced amongst those just starting their careers with us, it has now resulted in a widening of the pay gap”.
Other big reporting firms within the property industry include Connells (25% pay gap); Countrywide (27% pay gap for agents, overall its group has an 18% pay gap), Reeds Rains (18%), Your Move (16%), Foxtons (29%), Purplebricks (31%), Zoopla (22%), Rightmove (33%), Knight Frank (22%), BNP Paribas which owns Strutt & Parker (45%), Spicerhaart (29%), Arun Estate Agencies (31%) and Andrews (47%).
Overall, the property industry is middle-ranking in terms of ‘gap’ at 11% although this includes a range of companies outside estate agency.
Read more about the industry’s gender pay gap.
