Insurer Hiscox reveals gender pay gap, but says it aims to be inclusive, and pledges “lasting changes” to tackle the issue.
Bronek Masojada, CEO, Hiscox Group
Hiscox, the FTSE 250 insurance company, has reported a gender pay gap of 26.2% on a median basis, and a 31.1% mean figure.
The company's bonus pay gaps were, however, bigger: 49.5% median and 71.1% mean.
The company said its pay gap was explained by having fewer women in senior roles, and fewer women in roles that attract variable pay.
Hiscox is the latest in a series of companies to reveal hefty gender pay gaps.
Figures from the UK's HM Revenue & Customs analysed by The Guardian this week revealed that 618,000 men received salaries of more than £100,000 in the last financial year, compared with 179,000 women. The figures for
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