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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 5 APRIL 2017

THE MEAN GENDER PAY GAP IS 7.3%.
THE MEDIAN GENDER PAY GAP IS 3.2%
THE MEAN GENDER BONUS GAP IS 30%.
THE MEDIAN GENDER BONUS GAP IS -1.29.3%.
THE PROPORTION OF MALE EMPLOYEES RECEIVING A BONUS IS 55% AND THE PROPORTION OF FEMALE EMPLOYEES RECEIVING A BONUS IS 23%.

PAY QUARTILES BY GENDER:

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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 FIGURES SET OUT ABOVE HAVE BEEN CALCULATED USING THE STANDARD METHODOLOGIES USED IN THE EQUALITY ACT 2010 (GENDER PAY GAP INFORMATION) REGULATIONS 2017.

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 (OR ANY OTHER CHARACTERISTIC.) 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.

WE ARE THEREFORE 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.

ACROSS THE UK ECONOMY AS A WHOLE, MEN ARE MORE LIKELY THAN WOMEN TO BE IN SENIOR ROLES (ESPECIALLY VERY SENIOR ROLES AT THE TOP OF ORGANISATIONS.)

THIS IS REFLECTED WITHIN THE SPLIT OF ROLES BETWEEN GENDERS WITHIN THE ALCHEMIST AS 68% OF SENIOR POSITIONS ARE HELD BY MEN.

HOWEVER, IN THE LOWEST QUARTILE, THE SPLIT IS EVENLY SPREAD WITH 50% OF WOMEN IN THIS PAY BRACKET AND 50% OF MEN.

HOW DOES THE ALCHEMIST GENDER PAY GAP COMPARE WITH THAT OF OTHER ORGANISATIONS?

THE VAST MAJORITY OF ORGANISATIONS HAVE A GENDER PAY GAP AND WE ARE PLEASED TO BE ABLE TO SAY THAT OUR GAP COMPARES FAVOURABLY WITH THAT OF OTHER ORGANISATIONS, INCLUDING THOSE WITHIN OUR INDUSTRY.

THE MEAN GENDER PAY GAP FOR THE WHOLE ECONOMY (ACCORDING TO THE OCTOBER 2017 OFFICE FOR NATIONAL STATISTICS (ONS) ANNUAL SURVEY OF HOURS AND EARNINGS (ASHE) FIGURES) IS 17.4%, WHILE IN THE RETAIL AND WHOLESALE SECTOR IT IS 18.9%. AT 7.3%, OUR COMPANY’S MEAN GENDER PAY GAP IS, THEREFORE, SIGNIFICANTLY LOWER THAN BOTH THAT FOR THE WHOLE ECONOMY AND THAT FOR THE RETAIL AND WHOLESALE SECTOR.

THE MEDIAN GENDER PAY GAP FOR THE WHOLE ECONOMY (ACCORDING TO THE OCTOBER 2017 ONS ASHE FIGURES) IS 18.4%, WHILE IN THE RETAIL AND WHOLESALE SECTOR IT IS 17.9%. AT 3.2%, THE ALCHEMIST MEDIAN GENDER PAY GAP IS, THEREFORE, SIGNIFICANTLY LOWER THAN BOTH THAT FOR THE WHOLE ECONOMY AND THAT FOR OUR SECTOR. HOWEVER, THE REASON BEHIND THIS IS DUE TO THE FACT THAT THE VAST MAJORITY OF OUR EMPLOYEES ARE ON A SET RATE AND ON THE SAME RATE OF PAY IRRESPECTIVE OF GENDER.

THE BONUS DATA SHOWS THAT WHILST THE MEAN GENDER PAY GAP IS 30%, THE MEDIAN PAY GAP IS -129%. AS THE BONUS AMOUNTS PAID ARE RELATIVELY LOW THE RESULTS ARE SKEWED BY A SMALL SAMPLE SIZE, BUT INDICATE THAT WHILST THE DISTRIBUTION OF BONUSES DIFFERS BETWEEN MEN AND WOMEN, IT IS NOT THE CASE THAT WOMEN ARE DISADVANTAGED. BONUS AMOUNTS RECEIVED BY MEN AND WOMEN ARE COMPARABLE ACROSS JOB ROLES.

OUR COMPANY’S GENDER PAY GAP COMPARES FAVOURABLY WITH THAT OF ORGANISATIONS BOTH ACROSS THE WHOLE UK ECONOMY AND WITHIN THE RETAIL AND WHOLESALE SECTOR, HOWEVER THIS IS NOT A SUBJECT ABOUT WHICH WE ARE COMPLACENT. WE ARE COMMITTED TO DOING EVERYTHING THAT WE CAN TO REDUCE THE GAP AND ARE CONFIDENT THAT IT WILL NARROW IN NEXT YEAR’S RESULTS.

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 POTTSMANAGING DIRECTOR.

 

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