Vertu Motors PLC Gender Pay Report 2018
Vertu Motors PLC Gender Pay Report 2018
The Vertu Motors group remuneration strategy, and the pay and bonus structures within it, provide all colleagues who are undertaking the same job with an equal opportunity to earn in line with their contribution to the Group’s performance and/or their own personal performance. The Company is therefore confident that it does not have an equal pay issue given the consistency of the pay structures that apply across the business irrespective of gender which does not indirectly impact either gender’s ability to earn.
The Gender Pay Gap numbers we have published comply with the Government’s requirements but do not tell the whole story on why a Gender Pay Gap exists in the motor retail sector. This sector has historically been male dominated, especially in sales and management position, but also by the high proportion of men attracted to work in vehicle technician vacancies. This higher distribution of males in higher value roles drives the sector’s Gender Pay Gap. Over recent years we have made good strides towards a more gender balanced workforce with more women moving into these positions. Over time this will be reflected in the Gender Pay Gap numbers that the Company will publish.
Hourly Rate
|
Statutory Entity |
Mean Gender Pay Gap |
Median Gender Pay Gap |
|
Albert Farnell Ltd |
11.67% |
20.75% |
|
Bristol Street First Investments Limited |
24.28% |
23.88% |
|
Bristol Street Fourth Investments Limited |
24.92% |
28.66% |
|
Grantham Motor Company Limited |
18.57% |
19.91% |
|
Vertu Motors (VMC) Limited |
27.29% |
23.31% |
|
Vertu Motors PLC |
58.17% |
38.25% |
|
Hughes of Beaconsfield Limited |
22.65% |
7.41% |
|
Vertu Motors Overall - Excluding Hughes of Beaconsfield Limited |
24.57% |
24.55% |
Pay Quartiles
|
Pay Quartile |
Proportion of Men |
Proportion of Women |
|
Albert Farnell Ltd Upper |
84.16% |
15.84% |
|
Albert Farnell Ltd Upper Middle |
88.00% |
12.00% |
|
Albert Farnell Ltd Lower Middle |
69.31% |
30.69% |
|
Albert Farnell Ltd Lower |
63.37% |
36.63% |
|
|
|
|
|
Bristol Street First Investments Upper |
92.50% |
7.50% |
|
Bristol Street First Investments Upper Middle |
88.04% |
11.96% |
|
Bristol Street First Investments Lower Middle |
83.84% |
16.16% |
|
Bristol Street First Investments Lower |
58.33% |
41.67% |
|
|
|
|
|
Bristol Street Fourth Investments Upper |
90.68% |
9.32% |
|
Bristol Street Fourth Investments Upper Middle |
86.31% |
13.69% |
|
Bristol Street Fourth Investments Lower Middle |
63.54% |
36.46% |
|
Bristol Street Fourth Investments Lower |
69.72% |
30.28% |
|
Grantham Motor Company Upper |
87.50% |
12.50% |
|
Grantham Motor Company Upper Middle |
82.86% |
17.14% |
|
Grantham Motor Company Lower Middle |
77.45% |
22.55% |
|
Grantham Motor Company Lower |
63.00% |
37.00% |
|
|
|
|
|
Vertu Motors VMC Upper |
89.47% |
10.53% |
|
Vertu Motors VMC Upper Middle |
82.71% |
17.29% |
|
Vertu Motors VMC Lower Middle |
67.67% |
32.33% |
|
Vertu Motors VMC Lower |
61.65% |
38.35% |
|
|
|
|
|
Vertu Motors PLC Upper |
74.05% |
25.95% |
|
Vertu Motors PLC Upper Middle |
51.94% |
48.06% |
|
Vertu Motors PLC Lower Middle |
34.85% |
65.15% |
|
Vertu Motors PLC Lower |
40.15% |
59.85% |
|
|
|
|
|
Hughes of Beaconsfield Limited Upper |
88.16% |
11.84% |
|
Hughes of Beaconsfield Limited Upper Middle |
67.11% |
32.89% |
|
Hughes of Beaconsfield Limited Lower Middle |
81.33% |
18.67% |
|
Hughes of Beaconsfield Limited PLC Lower |
89.47% |
10.53% |
|
Vertu Motors (Overall excl Hughes) Upper |
88.12% |
11.88% |
|
Vertu Motors (Overall excl Hughes) Upper Middle |
83.63% |
16.37% |
|
Vertu Motors (Overall excl Hughes) Lower Middle |
59.28% |
40.72% |
|
Vertu Motors (Overall excl Hughes) Lower |
70.36% |
29.64% |
Bonus Pay Gender Pay Gap
|
Statutory Entity |
Mean Gender Pay Gap |
Median Gender Pay Gap |
|
Albert Farnell Ltd |
-0.79% |
14.68% |
|
Bristol Street First Investments |
49.91% |
60.31% |
|
Bristol Street Fourth Investments |
57.94% |
66.44% |
|
Grantham Motor Company |
34.81% |
12.46% |
|
Vertu Motors VMC |
60.44% |
70.23% |
|
Vertu Motors PLC |
65.55% |
38.52% |
|
Hughes of Beaconsfield Limited |
12.98% |
-75.29% |
|
Vertu Motors |
49.78% |
56.91% |
Bonus Pay Distribution
|
Statutory Entity |
Males |
Female |
|
Albert Farnell Ltd |
80.84% |
51.89% |
|
Bristol Street First Investments |
81.15% |
63.81% |
|
Bristol Street Fourth Investments |
84.94% |
70.57% |
|
Grantham Motor Company |
84.21% |
76.34% |
|
Vertu Motors VMC |
87.14% |
77.37% |
|
Vertu Motors PLC |
85.19% |
76.78% |
|
Hughes of Beaconsfield Limited |
56.29% |
52.54% |
|
Vertu Motors |
83.62% |
70.22% |
This statement has been confirmed to be accurate by Robert Forrester, a director of Vertu Motors plc, Albert Farnell Limited, Bristol Street First Investments Limited, Bristol Street Fourth Investments Limited, Grantham Motor Company Limited, Vertu Motors (VMC) Limited and Hughes of Beaconsfield Limited. 4 April 2019