Vertu Motors PLC Gender Pay Report 2020

05/10/2021 16:53

Vertu Motors PLC Gender Pay Report 2020

Vertu Motors' remuneration strategy, and the pay and bonus structures within it, provides all colleagues who are undertaking the same job with an equal opportunity to earn in line with their contribution to the Company’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 and their make-up 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 Pap Gap exists in the motor retail sector. This sector has historically been male dominated, especially in sales and management positions, but also in relation to the high proportion of men attracted to work in vehicle technician vacancies. This higher distribution of males into higher skilled 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. This is reflected in the reduction in the Mean Hourly Rate Gender Pay Gap from 24.6 in 2018 to 21.06 in 2020 and the reduction in the Mean bonus Gender Pay Gap from 49.78% in 2018 to 14.0% in 2020. Over time further narrowing of the gap will be reflected in the Gender Pay Gap numbers that the Company will publish.

Hourly Rate

*Under 250 heads, therefore, not reportable under the Gender Pay Gap regulations but added into the PLC Grand Total.

Pay Quartiles

Bonus Gender Pay Gap

Bonus Pay Distribution