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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 4 April 2020.

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 566 employees, of these 294 (52%) were men and 272 (48%) 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 2019 and are based on earnings figures for the year to 5 April 2019.

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

PayMeanMedian
Hourly17.1%2.3%

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

PayMeanMedian
Bonus22.1%8.6%

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

PayMaleFemale
Bonus89.1%91.5%

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

MaleFemale
Upper Quartile58.5%41.5%
Upper Middle Quartile53.2%46.8%
Lower Middle Quartile50.0%50.0%
Lower Quartile46.1%53.9%

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
4 April 2020