Work continues on narrowing pay gap at Severn Trent
Tuesday 1st December 2020
Midlands water and waste company Severn Trent has published its Gender Pay Gap report, highlighting it has reduced the median pay gap between women and men for the fourth consecutive year.
The report shows a median pay gap of 9.3%, down from 9.8% in 2019, as it continues to be positively impacted by a high proportion of women in management and senior management roles.
The company’s mean pay gap has also shrunk, now at 2.3%, compared to 3.6% in the previous year – a reflection that women’s hourly rates have increased more than men year-on-year.
The report also revealed there is now no median gender bonus gap between male and female employees.
Liv Garfield, Severn Trent Chief Executive, said: “It’s great to see that we’ve closed the pay gap between women and men for the fourth consecutive year. We’re clearly heading in the right direction but we know there’s more we can do to level things up.
“That’s especially true in operational roles. We’re always keen to support and develop our female engineers, so they can become visible role models and inspire the next generation of women looking to join the industry.”
The report shows women make up 28.5% of the entire Severn Trent workforce, and they continue to be underrepresented in operational roles.
Severn Trent was recently named as the joint top company in the FTSE 100 for female representation at board level and is only one of two companies in the FTSE 100 to be led by a female CEO and a female Chair.