Gender Pay Gap (2022)

Pepper Advantage UK remains committed to fairness, inclusion and opportunity, irrespective of gender. This dedication extends far beyond the scope of annual pay gap reporting – it’s ingrained in our culture. 

Gender pay gap reporting plays a crucial role in our ongoing efforts to prioritse our people within our strategic initiatives. It provides us with valuable insights into external trends whilst considering the key skills essential for continuous success, both at individual and company-wide level. 

We are pleased to confirm that for 2023, our Gender Pay Gap saw significant improvement, reflecting our ongoing commitment to gender equality. Compared to the previous year, the mean hourly rate of pay gap has reduced by 2.1% from 26.6% to 24.5%, and the median hourly rate of pay gap has reduced further by 4.9% from 21.5% to 16.6%. The difference in the mean bonus pay gap has also reduced significantly, down by 35.7% from 69.9% to 34.2%, and the median bonus pay gap reduced by 9.4% from 25% to 15.6%. The number of females receiving a bonus has also increased compared to last year. Overall, these results are a good indication of the company’s positive progress in reducing gender pay gaps and ensuring fair and equitable gender pay policies within the organisation.

We continue to positively reinforce opportunities and equality within our business through our Diversity and Inclusion Committee and continued membership of the Women in Finance Charter. We have further improved our benefits package, with a particular emphasis on supporting families and ensuring the well-being of our employees amidst the current economic challenges. Additionally, we have introduced supplementary benefits to assist colleagues who are required to attend the office more frequently.

Key enhancements in our benefits package include:

• Enhanced maternity benefits including return-to-work bonuses
• Extended full-pay paternity leave
• Compassionate miscarriage policy
• Cost-of-living payments

Since the last gender pay report, Pepper Advantage UK has experienced continuous growth. We remain dedicated to selecting and compensating employees based solely on their skills, abilities, and performance, regardless of gender.