Gender Pay Report

Statement

AdviserPlus is committed to equal opportunity in recruitment and employment irrespective of gender. Our people are paid for the role they have in the team and for their performance in that role. No other factors affect an employee’s remuneration.

Two of every three people employed with AdviserPlus are female and AdviserPlus has a gender pay gap which, at 24.7%, is above the national average of 17.3%. This gender pay gap is mainly attributed to the nature of the work that most people at AdviserPlus undertake.

Over two thirds of people in AdviserPlus (67%) are engaged in roles that deliver HR advice and guidance and only a very small minority of these roles are in the upper pay quartile. Additionally, 88% of the Advisory roles are held by women. The HR profession has traditionally seen high concentrations of female practitioners and AdviserPlus is no exception. AdviserPlus has had a long-term commitment to offer part-time and flexible working to all employees to promote a healthy work/life balance which is also a contributing factor. Almost one third of all colleagues have a part-time working arrangement.

The last year has been one of change for AdviserPlus, with a newly appointed Managing Director and significant investment in new roles within our Business Systems teams as we transition to a technology led business. Our ability to identify talent for effective succession planning into senior roles has been enhanced by the refining of our objective setting process enabling everyone, regardless of gender, to have a clear view of the pathway toward roles in the upper pay quartile. However, there is no quick fix to our gender pay gap and it will take time to see the effectiveness of the actions we have taken and plan to take, coming through.

A review of our recruitment processes, including the language used in job descriptions and job adverts, will support our aim to attract a more diverse range of applicants across the organisation and especially into our high-volume Advisory roles. In addition, our in-house HR Academy continues to support the development of employees, including those with little or no previous HR experience, who wish to commence a career in human resources to progress within our Advisory roles.

Commentary

  • The mean gender pay gap is 24.7%
  • The median gender pay gap is 6.0%
  • The mean gender bonus gap is 46.4%
  • The median gender bonus gap is 0%
  • The proportion of male employees receiving a bonus is 11.8%
  • The proportion of female employees receiving a bonus is 17.6%

The mean hourly rate is the average hourly wage across the entire organisation. The mean gender pay gap is a measure of the difference between women’s mean hourly wage and men’s mean hourly wage.

The median hourly rate is calculated by ranking all employees from the highest paid to the lowest paid and taking the hourly wage of the person in the middle. The median gender pay gap is the difference between women’s median hourly wage (the middle-paid woman) and men’s median hourly wage (the middle-paid man).

Gender Lower quartile Lower middle quartile Upper middle quartile Upper quartile
Female 78.6 74.3 80 58.6
Male 21.4 25.7 20 41.4

I confirm that our data is accurate and has been calculated in accordance with the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017.

Yvonne Wilcock

Managing Director