Ladbrokes Coral reveals 15% gender pay gap

on . Posted in Ladbrokes

ladbrokescoralgroupLadbrokes Coral Group has revealed that, on average, women working for the company are paid 15% less per hour than men.

The gambling firm is one of hundreds of UK-facing businesses to have published pay differences in mean hourly pay as part of new reporting regulations under the Equality Act 2010.

The Act requires companies with over 250 employees to disclose their gender pay gap annually from April 2017.

In its posting, Ladbrokes Coral also said women’s mean bonus pay at the firm is 76% lower than men, but a greater percentage of women staff (80%) received a bonus compared to men (77%) in the 12 months to April 2017.

In a statement, Ladbrokes Coral cited “weak representation at our senior levels” as the main reason behind the pay gap at the company, adding that it will now introduce a series of measures to help close this gap.

“The gap in both our mean pay and mean bonus shows there’s more work to be done, and while we don’t have an equal pay issue across the group, we do need to take steps to reduce our pay gap,” Ladbrokes Coral said.

“That means we’re having a closer look at the structure of our workforce and in particular what we can do to get more women into those senior roles.”

Measures include a proposal to enhance maternity and parental leave provisions, with a view to encouraging female staff to return to work.

Ladbrokes Coral is also set to re-launch a programme of flexible working and encouraging new models of working in its retail and other businesses, as well as introduce unconscious bias training.

In addition, Ladbrokes Coral will “actively” look at new hire short-listing and promotion to improve representation across the company.

source : www.igamingbusiness.com

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