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Home » Gender Pay Gap Reporting

Acorn Insurance Limited

Gender Pay Gap

The Gender Pay Gap is the difference between the average pay for men and women in that organisation. All companies who employ more than 250 staff are required to report their Gender Pay Gap by 5 October 2021.

The Gender Pay Gap should not be confused with Equal Pay which means women and men receiving the same pay for doing the same job. Gender pay reflects the type of jobs women and men carry out and highlights how well or otherwise women progress in an organisation.

Acorn Insurance Limited Employees

During the year in question Acorn Insurance had 966 employees, of these 512 (53%) were men and 454 (47%) women.

Our Gender Pay Gap

Our Gender Pay Gap reported within this document is based on those employees who worked for the company as at 5 April 2020 and are based on earnings figures for the year to 5 April 2020.

Regulations require that we report the mean and median hourly pay gap between men and women.

Pay Mean Median
Hourly 14.6% 2.9%

We are also required to report the mean and median bonus gender pay gap between men and women:

Pay Mean Median
Bonus 27.7% 13%

Together with the proportions of male and females employed who receive a bonus:

Pay Male Female
Bonus 67.2% 67.6%

We also are required to detail the proportion of male and female workers in each quartile based on there hourly rate:

Male Female
Upper Quartile 62.7% 37.3%
Upper Middle Quartile 53.3% 46.7%
Lower Middle Quartile 45.5% 54.5%
Lower Quartile 50.6% 49.4%

Summary

The company is a proud equal opportunity employer, with an overall relatively equal split of male to female employees across all wage quartiles, noting that the lower and lower middle quartile have very similar overall wage.

These figures have shown slightly more women earnt a bonus for the period in question, despite slightly more men having the potential for earning a bonus.

Conclusion

I confirm that the data and statements in this report are accurate and are presented in accordance with the regulations.
 
 
Nikki Mclachlan, Director
8 April 2021