Unum UK reported that its median gender pay gap has reduced compared to last year and that it has met its Women in Finance Charter commitments.
The gender pay gap is the difference between men’s and women’s average hourly rates of pay in an organisation, represented as a percentage of average male earnings.
Unum UK also reported their ethnicity pay gap for the second year in a row, which shows data on pay inequalities among ethnically diverse employees. The median wage gap has fallen by more than 6 per cent in the last year, according to 89 per cent of employees who disclosed their ethnicity data to Unum UK.
Unum UK also says that it is on track to meet the HM Treasury Women in Finance Charter targets. By the end of 2021, it aimed to have at least 35 per cent female representation on its Executive Committee and 40 per cent in its overall senior leadership team.
Unum UK says that it has reached 43 per cent female representation on its executive committee and 40 per cent female representation on its leadership team, and that it would continue to work toward these goals and establish a new goal in September.
Unum UK, as part of the Unum Group, says it is focused on corporate social responsibility and has been named one of the World’s Most Ethical Companies by Ethisphere.
Unum HR director Jane Hulme says: “In our fifth year of reporting our gender pay gap data, we’re proud of the progress we’ve made. We encourage our employees to feel comfortable sharing their diverse backgrounds. By understanding our demographics, we can remove any barriers or biases to ensure everyone has a fulfilling experience. Unum provides equal opportunities for employees of all backgrounds and gender identities to ensure we have an inclusive culture where everyone can bring their true self to work.”
