Mean base pay gap falls by six percentage points; equivalent roles show -0.29% gap
Gerald Eve recorded a fall in its gender pay gap during 2018, with the mean base pay gap dropping six percentage points to 29%, and the median measure dipping to 34% (2017: 37%). The mean pay gap for equivalent roles across the firm was -0.29%.
The firm also made progress in improving the balance of senior staff, with an increased proportion of female employees in the two upper pay quartiles. 94% of women and 93% of men received a bonus in 2018.
In line with the wider property industry, much of the gap can be explained by disproportionate numbers of senior male employees, and Gerald Eve has put in place initiatives to address this issue. The firm introduced a ‘Career Returners’ programme in 2018 to support those coming back to work after an extended break such as maternity leave, is an active member of ‘Changing the Face of Property’ and a proud supporter of RICS inclusive employer quality mark.
Simon Prichard, senior partner at Gerald Eve, said: “Our latest report shows the progress we have made, and while we recognise the need for further improvements, we are proud of our efforts in this crucial area, and it is pleasing to see the positive impact being made as this work bears fruit.
“Gerald Eve strives to ensure that all individuals are treated fairly, and that diversity is encouraged through our culture and values. Seeking new ways to promote both the number and seniority of women is central to the firm’s agenda, and the initiatives we have put in place are beginning to pay dividends.”