The Equality Act 2010 (Gender Pay Gap Information) Regulations 2017
AVIVA PLC's self-reported statistics for 2021/22 are provided below. These statistics are submitted annually to gender-pay-gap.service.gov.uk as mandated by law for all organisations with 250 or more employees.
These statistics are required to be calculated on a particular snapshot date each year. The snapshot date for 2021/22 was 05/04/2021 and the report due date was 04/04/2022.
Hourly pay
In the year 2020/21, women earned 74p for every £1 that men earned when comparing median hourly pay. Their median hourly pay was 25.8% lower than men's. When comparing the mean difference, women earned 74p for every £1 that men earned which is 25.9% lower.
About this statistic
The hourly pay statistic helps to identify the difference in pay between men and women. Both median and mean values are valuable and can highlight key differences.
Median
A median involves listing all of the numbers in numerical order. If there is an odd number of results, the median is the middle number. If there is an even number of results, the median will be the mean of the two central numbers.
Medians are useful to indicate what the ‘typical’ situation is. They are not distorted by very high or low hourly pay (or bonuses). However, this means that not all gender pay gap issues will be picked up. They could also fail to pick up as effectively where the gender pay gap issues are most pronounced in the lowest paid or highest paid employees.
Mean (average)
A mean involves adding up all of the numbers and dividing the result by how many numbers were in the list.
Mean averages are useful because they place the same value on every number they use, giving a good overall indication of the gender pay gap. But very high or low hourly pay can ‘dominate’ and distort the figure.
Pay brackets
In the year 2020/21, women occupied 33% of the highest paid jobs and 59% of the lowest paid jobs.
About this statistic
The pay quarter statistic helps identify the proportion of gender representation in each pay bracket. The pay quarters are calculated by dividing the workforce into four equal groups based on their hourly pay. The top quarter is the highest paid 25% of employees and the bottom quarter is the lowest paid 25% of employees. The upper middle and lower middle quarters are the 25% of employees in between.
Bonuses
In the year 2020/21, 98% of women received bonus pay and 98.2% of men received bonus pay.
Women earned 67p for every £1 that men earned when comparing median bonus pay. Their median bonus pay was 33.4% lower than men's. When comparing the mean difference, women earned 49p for every £1 that men earned which is 51.1% lower.
About this statistic
It is important to consider bonus pay as it can make up a significant portion of total compensation. In some industries, bonus pay can account for 20% or more of an employee's total compensation. This means that if women are not receiving bonuses at the same rate as men, it can have a significant impact on their overall earnings.