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Gender Pay Gap Report

The Alchemist Bar & Restaurant Ltd. Gender pay gap report

This is our report for the snapshot date of 1 April 2022

The mean gender pay gap is 9.6%
The median gender pay gap is 3.7%
The mean gender bonus gap is -10.1%
The median gender bonus gap is -40.2%

The proportion of male employees receiving a bonus is 14% and the proportion of female employees receiving a bonus is 12%.

Pay quartiles by gender:

 

The figures set out above have been calculated using the standard methodologies used in the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017.

What are the underlying causes of our gender pay gap?

The Alchemist is committed to the principle of equal opportunities and equal treatment for all employees in accordance with the Equality Act. We have a policy of paying employees equally for the same or equivalent work, regardless of their sex.   To ensure this, we carry out pay and benefit audits at regular intervals; evaluate job roles and pay scales as necessary to ensure a fair structure and deliver Equality Training to all managers within the business.

The alchemist is in the hospitality sector, which experienced significant impacts and changes due to covid and the restrictions that were put in place by the government during this time.  We have noted a slight increase in the gender pay gap, however in a year of recruitment challenges, as the industry recovered from Covid closures, We are confident that our gender pay gap does not stem from paying men and women differently for the same or equivalent work. It is simply the result of the difference in roles which men and women hold within the organisation and the salaries that these roles attract.

Bonus payments reported show as a minus figure due to the comparison with April 2021 where minimal bonus payments were made due to covid restrictions and limited business trading.  Therefore the data is not fully comparable and so our reported figures are not reflective of the bonus schemes in place and we would expect this to show more accurately in the April 2023 data.

We commit to doing everything that we can to reduce the gap and are confident that it will reduce as we continue to actively encourage internal development and progression.

The Alchemist has always been a Company where people can thrive and develop regardless of their gender or background and we will continue to offer fair, equitable pay to all our teams.

I confirm that the data published in this report is accurate.

Simon Potts, CEO.

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