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Gender Pay Gap Statement 2020

SHARPS

This is Sharps Bedrooms gender pay gap report at the ‘snapshot date’ of 5th April 2020. This year we are publishing our gender pay gap information for the third time. Sharps gender pay gap has improved slightly each year since we first published for 2017. For 2020, the mean gender pay gap which is the difference between the average hourly rates of men and women - has shown a further improvement from 18.4 %  to 14.4%. in 2020. The national mean gender pay gap is 14.6%

Our median pay gap is 2.8% between men and women. The national median gender pay gap is 15.5 %

The median pay gap is the difference between the midpoints in the ranges of hourly earnings of men and women. It takes salaries in the sample, lines them up in order from lowest to highest and picks the middle salary. We believe this is a more representative measure of the pay gap at Sharps because it is not affected by anomalies – those few individuals at the top or bottom of the range.

The mean average bonus awarded to men was 40.4% higher than the mean average for women. 14.3% of men were awarded a bonus and 8% of women.

The median gap between bonuses paid for men and women was 18.1% 

The main reason for these gaps is that we have more men than women in our senior, more well paid roles. However, there has been a shift with more women represented in the upper quartile than in 2018. Our approach to pay is simple and straightforward There are pay bandings in place in the various arms of this diverse business – retail, sales, manufacturing, installations, customer services and administration -  and all  employees working in the same bandings will be earning the same rewards. All colleagues are encouraged to grow and reach their full potential.

Women represent 32% of lower paid jobs and 35% of higher paid jobs.

Our gender distribution was 52.6% men and 47.3% women.

Difference between men and women:

Pay quartiles

Men

Women

Lower

68%

32%

Lower Middle

34%

66%

Upper Middle

44%

56%

Upper

65%

35%