Ladbrokes Coral announce plans aimed at closing gender pay gap
New reporting regulations have revealed that Ladbrokes Coral are one of the major companies who pay women staff significantly less than men.
But the firm stress it is largely due to a "weak representation at our senior levels" and have announced initiatives to close the gap.
The 2010 Equality Act requires companies with more than 250 employees to disclose their gender pay gap annually from April of last year.
Gap is 15 per cent
Among more than 500 firms to have published their figures so far, Ladbrokes Coral revealed that the mean hourly pay of their female staff is 15 per cent less than for men.
In their response, the company pointed out that their median hourly pay difference is just 2.5 per cent, which compares with a UK national average of 18.1 per cent.
What is the difference between mean and median?
The mean is the conventional calculation of an average, adding up all the numbers and then dividing by the number of numbers, whereas the median is the 'middle' value between highest and lowest.
But the Ladbrokes Coral statement also said: "We have conducted analysis and believe that the gap is largely a function of weak representation at our senior levels.
"We recognise this and are challenging ourselves to change this over time. We have recently implemented programmes to improve our gender representation throughout the group."
Company analysis found that there were 164 men and 45 women in the top four grades among 21,300 employees. The majority of women in the most senior management positions were also in roles within functions with salary levels lower compared to other specialist or technical functions.
Responses include a proposal to enhance maternity and parental leave provisions, to encourage women to return to work; re-launching a programme of flexible working and encouraging new models of working; and introducing training in unconscious bias.
The gender pay gap is not the same thing as equal pay, which is the difference in pay between a man and a woman who carry out the same or similar jobs.
Other companies highlighted by the published pay gap figures are EasyJet, whose mean hourly rate for women was 52 per cent lower than for men, and Virgin Money, whose was 33 per cent lower.