2024 Gender Pay Report

Under new legislation that came in to force in April 2017, UK employers with more than 250 employees are required to publish their gender pay gap each year.  Even though Pyronix Ltd is below this threshold we opt to calculate and publish the figures.

Headline Gender Pay Figures

The table below shows the mean and median gender pay and bonus pay gap based on hourly rates of pay as at the snapshot date of 5^th April and bonuses paid in the year to 5^th April.

The proportion of males and females receiving a bonus payment is

The table below shows the proportion of females to males in each quartile band of pay.

Understanding the Gap

The analysis of the gender gap figures tells us that women hold fewer senior positions within the company.  Women make up 40% of the workforce but only 15.6% of these are in the upper quartile at the snapshot date, which is an improvement on the prior year.  Bonus payments are paid to the majority of staff. Higher bonuses were paid to senior managers and sales managers where there is a lower proportion of women, giving rise to the gap in bonus payments.  Overall the pay gap has reduced from the prior year, showing the work the business undertakes to ensure equal opportunities for all staff and recruiting the correct person for the role.

The company operates an equal opportunities policy for all recruitment with the aim of recruiting the strongest candidate for the position.  The environment we adhere to is for all staff to reach their full potential with an equal opportunity policy and process towards all aspects of training, promotion, succession and recruitment.

Declaration

I confirm that Pyronix Gender Pay Gap calculations are accurate and meet the requirements of the Regulations.

C S Herdman

Finance Director