The mean gender pay gap
This figure shows the difference between the mean (average) hourly rate of pay of male and female employees in the relevant pay period, as a percentage.
Our mean gender pay gap is -3.08%
This means that within the company the average pay of women is higher than men and is a reduction from 9.3% last year. Across the company many positions attract bonus payments and therefore bonus payments do have a large impact on hourly rates of pay, especially as some positions attract a monthly bonus and others an annual bonus. Although the fast fit industry is a predominately male business, within the support functions based at head office, the company has a number of senior female employees The high ratio of female employees in senior positions contributes to the reasons for the negative mean gender pay gap.
As advised in the introduction, National Tyre Service Ltd and our sister company Viking, share a senior management team. Therefore we have also looked at our gender pay gap as a Group. Axle Group Mean Gender pay gap is -11.81. This again is reflective of the high proportion of females in senior positions within the Group.
The median gender pay gap
This figure shows the difference between the median (mid point) hourly rate of pay of male and female employees in the relevant pay period, as a percentage.
Our median gender pay gap is 7.52%
We consider the main reasons for/causes of the above median that the majority of our staff work within the branch network and are male. This part of the business also attracts the potential to earn a greater amount of bonus that those roles in head office, which is where the majority of our females work. Therefore when it comes to the medium pay, there is a positive gender pay gap, although this has been reduced from 15.38% recorded last year.
When considering the Median Gender Pay Gap from a group prospective, the Median gender pay gap is 6.20%