Report 2023

We are an employer required by law to carry out Gender Pay Reporting under the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 for Caroola Accountancy Ltd.

This involves carrying out calculations that show the difference between the average earnings of men and women in our organisation; it will not involve publishing individual employee’s data. We are required to publish the results on our own website and a government website. We have done this within one calendar year of 5th April 2023.

Findings | Caroola Accountancy Ltd – April 2023.

Summary

Caroola Accountancy Ltd is an equal opportunities employer. We employ slightly more women (53%) than men (47%) and there is a difference of 28% between the mean (average) pay for men and women. It is important to note that this figure is not based on individual roles; a man and woman performing the same role at Caroola Accountancy Ltd are paid equally. All new starters are recruited under the same salary structure for their role and their earnings ability depends on their performance and career progression. All employees are afforded the same opportunities, and internal roles are offered as a result of fair and consistent recruitment processes. The median (middle value) of women’s pay is the same as men.

In relation to the Upper Quartile, men are showing 16% higher. Women are higher in the upper middle quartile (26% higher) as well as the lower middle quartile (4% higher) and the lower quartile (8% higher). In this period, 39% of men and 45% of women earned a bonus. The mean (average) bonus earnings of women was 26% lower than men.

Bonuses are awarded according to job roles and performance targets being met.

Targets are set fairly across the group to ensure equal earnings opportunity.

Statement

The above information is an accurate reflection of Caroola Accountancy Ltd employees as at 5th April 2023.
Helen Pedder
Director of HR