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Vertu Motors PLC Gender Pay Report 2020

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

Stat Entity Gender Pay Gap (%)
Mean
Gender Pay Gap (%)
Median
Bristol Street Fourth Investments Limited 21.36 23.05
Bristol Street First Investments Limited 21.81 17.75
Vertu Motors plc 51.24 27.97
Vertu Motors (VMC) Limited 23.36 18.11
Grantham Motor Company Limited 22.48 22.48
Albert Farnell Limited 17.10 18.42
Vertu Motors (Continental) Limited 12.40 16.11
South Hereford Garages Limited 15.45 23.49
South Hereford Garages Trade Parts LLP* 16.71 2.40
Vertu Motors (Chingford) Limited* 15.66 31.38
Vans Direct Limited* 21.19 38.30
Hughes of Beaconsfield Limited* 17.62 9.61
All Car Parts Limited* 26.98 -0.80
Nottingham TPS LLP* 4.59 0.00
Vertu Motors Third Limited* 19.02 34.38
Vertu Motors (Overall) 21.06 20.54

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


Pay Quartiles

Pay Quartile Proportion of Men
(%)
Proportion of Women
(%)
Albert Farnell Ltd Upper 86.61 13.39
Albert Farnell Ltd Upper Middle 85.71 14.29
Albert Farnell Ltd Lower Middle 63.48 36.52
Albert Farnell Ltd Lower 70.54 29.46
 
Bristol Street First Investments Upper 92.91 7.09
Bristol Street First Investments Upper Middle 81.82 18.18
Bristol Street First Investments Lower Middle 67.69 32.31
Bristol Street First Investments Lower 79.32 20.68
 
Bristol Street Fourth Investments Upper 87.82 12.18
Bristol Street Fourth Investments Upper Middle 89.53 10.47
Bristol Street Fourth Investments Lower Middle 66.03 33.97
Bristol Street Fourth Investments Lower 73.08 26.92
 
Grantham Motor Company Upper 87.07 12.93
Grantham Motor Company Upper Middle 85.34 14.66
Grantham Motor Company Lower Middle 62.07 37.93
Grantham Motor Company Lower 77.39 22.61
 
Vertu Motors VMC Upper 91.94 8.06
Vertu Motors VMC Upper Middle 80.49 19.51
Vertu Motors VMC Lower Middle 65.85 34.15
Vertu Motors VMC Lower 72.58 27.42
     
Vertu Motors PLC Upper 74.15 25.85
Vertu Motors PLC Upper Middle 56.46 43.54
Vertu Motors PLC Lower Middle 40.54 59.46
Vertu Motors PLC Lower 42.95 57.05
 
Vertu Motors (Continental) Limited Upper 88.24 11.76
Vertu Motors (Continental) Limited Upper Middle 82.35 17.65
Vertu Motors (Continental) Limited Lower Middle 66.67 33.33
Vertu Motors (Continental) Limited Lower 83.50 16.50
 
Vertu Motors (Overall) Upper 86.07 13.93
Vertu Motors (Overall) Upper Middle 82.85 17.15
Vertu Motors (Overall) Lower Middle 63.17 36.83
Vertu Motors (Overall) Lower 71.64 28.36


 

Bonus Gender Pay Gap

Statutory Entity Mean Gender Pay Gap
(%)
Median Gender Pay Gap
(%)
Bristol Street Fourth Investments Limited 13.17 48.35
Bristol Street First Investments Limited 11.96 38.45
Vertu Motors plc 32.05 51.80
Vertu Motors (VMC) Limited 14.08 53.87
Grantham Motors Company Limited 10.84 -47.07
Albert Farnell Limited 10.13 36.90
Vertu Motors (Continental) Limited 12.46 17.82
 
Vertu Motors (Overall) 14.00 46.15

 

 

Bonus Pay Distribution

Statutory Entity Proportion of Males in Receipt of Bonus
(%)
Proportion of Females in Receipt of Bonus
(%)
Bristol Street Fourth Investments Limited 84.06 68.01
Bristol Street First Investments Limited 79.94 61.34
Vertu Motors plc 77.53 62.94
Vertu Motors (VMC) Limited 87.99 73.98
Grantham Motor Company Limited 80.27 56.07
Albert Farnell Limited 77.84 51.69
Vertu Motors (Continental) Limited 74.43 49.35
 
Vertu Motors (Overall) 81.68 63.48