STV Group plc has announced its gender pay profile in line with the Government’s gender pay reporting regulations and ahead of the private sector submission deadline of 4 April 2018, reporting:
- A mean gender pay gap of 22.8% for fixed hourly pay;
- A median gender pay gap of 17.3% for fixed hourly pay;
- A reported mean gender pay gap for bonus pay of 56%;
- A median gender pay gap for bonus pay of 34%. Over the reporting period, a higher proportion of female colleagues received a bonus payment (17% vs 15%).
Simon Pitts, Chief Executive Officer, said: “We are committed to ensuring that STV is a place where men and women have an equal opportunity to succeed and reach their full potential. Our mean gender pay gap of 22.8% shows we are not where we need to be, particularly at the top of our organisation where, in common with many other organisations, there aren’t enough senior women.
“To address this we are setting the target of achieving gender balance amongst our top 25% of earners within 5 years. We will deliver this by focusing on how we recruit, on training, and on accelerated career development."
STV attributes its gender pay profile to the fact that a higher proportion of men are employed in senior management and leadership roles. In the upper quartile of earners, 70% are men and 30% women. Throughout the rest of the organisation, the gender split is 49% men and 51% women.
In support of the target to achieve gender balance in the top 25% of roles by earnings over the next 5 years, the Company will continue to progress a programme of measures to improve diversity and inclusion. This includes widening the pool in recruitment activities; focusing on opportunities for accelerated career development; extending family friendly policies and further training across the organisation to raise awareness of unconscious bias.
The STV Group plc Gender Pay Report is available here.
For further information, please contact the STV press office:
0141 300 3341 / 07803 970143 email@example.com
0141 300 3830 / 07921 494654 firstname.lastname@example.org