GENDER PAY GAP REPORT 2023
As per UK legislation that came into force in April 2017, employers with more than 250 employees are required to publish annually their gender pay gap information.
The gender pay gap shows the difference in average hourly pay between women and men.
The data below shows our mean and median hourly gender pay gap as at the snapshot date, 5th April 2023. At that time, we employed 471 people, of which 45 were women and 426 were men.
STATUTORY DATA
MEAN AND MEDIAN PAY
| Mean | Median | |
| Gender Pay Gap | -6% | -3% |
| Bonus Pay Gap | 4% | 7% |
PROPORTION OF EMPLOYEES RECEIVING A BONUS
| Men | 80% |
| Women | 33% |
PROPORTION OF EMPLOYEES IN EACH PAY QUARTILE (%)
| Quartile | Men | Women |
| Upper | 85% | 15% |
| Upper Middle | 94% | 6% |
| Lower Middle | 95% | 5% |
| Lower | 88% | 12% |
We are confident that men and women are paid equally for doing equivalent jobs across our business.
The reason a higher proportion of men, in comparison to women, received a bonus is due to the fact that the majority of our labour being hourly paid boat builders who attract a productivity bonus (and those trades, including engineering and carpentry are largely male-dominated trades). Those women who didn’t receive a bonus were salaried support staff who weren’t eligible for receiving such a bonus, alongside their male counterparts.
Ultimately, the above differences are down to the gender make up of our workforce due to the industry in which we operate.
Declaration: I confirm that the information and data provided in this report is accurate and in line with the UK Government’s Equality Act 2010 (Gender Pay Gap Information) Regulations 2017.
Jane Gadsby,
HR & Services Director,
Fairline Yachts Ltd.
