Insurance organisation Zurich has reported a 22.8% mean gender pay gap for fixed hourly pay as at 5 April 2018. This represents a decrease from 27.3%, as reported in 2017.
The company's 2018 median gender pay gap for fixed hourly pay is 22.6%; this is a reduction from the 27.4% it reported in 2017.
Zurich's mean gender pay gap for bonuses paid in the 12 months up to 5 April 2018, which does not take into account part-time employees, is 51.9% - higher than last year’s 47.2%. The median gender pay gap for bonus payments is 44.9%, compared to 34.2% in 2017.
Tulsi Naidu, UK chief executive officer at Zurich, said: “I am pleased to announce our gender pay gap has reduced to 22.8%. While this is a great step forward, there is clearly more to do to reduce both the hourly pay gap as well as the bonus gap.”
