1st March 2018
Mindshare recognises the clear benefits of a diverse and gender balanced workforce, so we are disappointed that our gender pay gap percentage is 0.7% above the national average. It is our priority to ensure we are progressive on this subject and clearly the figures below show we have work to do.
Gender Pay Gap reporting is a new requirement under UK law. The gap is calculated by adding all salaries by gender into a single calculation to find an average per hour pay for each gender – the ‘gap’ being the difference between the overall average male and overall average female pay. This calculation includes all salaries at all levels.
This is a separate issue to equal pay, which is the legal requirement for people carrying out the same or similar work to be paid equally, regardless of gender.
All employers with 250 or more employees who are based in England, Scotland or Wales must report Gender Pay Gap figures including all employees on the payroll: If your organisation is a single ‘relevant employer’ and runs multiple payrolls (for example payrolls for different departments or business functions), you must merge relevant data from all your payrolls and report one set of figures for your organisation.
Mindshare is therefore reporting figures including its own UK-based employees and UK-based employees in GroupM Global and GroupM EMEA Regional Management.
The breakdown of the figures is as follows:
Gender Pay Gap:
Mindshare + UK Based GroupM Global & EMEA Regional Management | Mindshare Excluding UK Based GroupM Global & EMEA Regional Management | |
Mean | 32.23% | 23.40% |
Median | 22.22% | 19.10% |
Bonus Pay Gap:
Mindshare + UK Based GroupM Global EMEA Regional Management | Mindshare Excluding UK Based GroupM Global EMEA Regional Management | |
Mean | 86.81% | 66.51% |
Median | 24.74% | 2.04% |
% of Staff Receiving Bonus:
Mindshare + UK Based GroupM Global EMEA Regional Management | Mindshare Excluding UK Based GroupM Global EMEA Regional Management | |
Male | 83.54% | 84.02% |
Female | 85.03% | 84.33% |
Notes:
To lend further context to these figures the table below shows the percentage of males and females employed by Mindshare in the UK (including UK-based employees in GroupM Global and GroupM EMEA Regional Management) at different levels of seniority.
Quartile | % Male | % Female |
1st Quartile | 36 | 64 |
2nd Quartile | 48 | 52 |
3rd Quartile | 43 | 57 |
4th Quartile | 66 | 34 |
Note: 1st quartile = least senior and 4th quartile = most senior.
The balance between male and female employees in the fourth quartile is crucial - despite there being more female than male employees across all the other quartiles. In short, the greater proportion of men than women in this last quartile creates the gender pay gap.
At Mindshare, we are focusing on this point to ensure that we have the most progressive policies in place to support and encourage more women into the senior levels of our business:
We are confident that these initiatives will help address the gender pay gap issue.