Our 2017 Gender Pay Gap Report

 

Established in the South of England for over 170 years, Covers is a family owned Timber and Builders Merchants, operating from fourteen sites. We are passionate about fairness, equality and inclusion.

This is our first Gender Pay Report. It is based on a “snapshot” of the pay of all of our employees as at 31 March 2017, as well as annual payments and bonuses which were paid between 1 April 2016 and 31 March 2017. The report has been produced in line with the guidance in the Equalities Act 2010 and associated ACAS guidance “Managing gender pay reporting”, 2017

Pay & Bonus Gap

The table above shows our overall mean and median gender pay gap based on hourly rates pay at the snapshot dates (i.e. 5th April 2017). It also captures the mean and median difference between bonuses paid to men and women in the year up to 5 April 2017, i.e. for the 2016 performance year.

Proportion of Colleagues awarded a bonus for 2016

This shows a 2.5% difference between the number of women and men being paid a bonus for their performance in 2016.

Pay Quartiles

The below image illustrates the gender distribution across four equally sized quartiles, each containing 107 colleagues.

Supporting statement

Our report concludes that there was a minimal Gender pay gap on mean and median salaries between male and female employees. We are therefore confident that men and women are paid equally for doing equivalent jobs across our business.

Our bonus payments are for the large part linked to overall individual branch performance and in some cases linked to specific job roles. Our bonuses are pro rata’d for part time workers. We believe that our gender bonus gap has been skewed because the bonuses received by our part time employees are not adjusted for the purposes of the gender bonus gap calculations. We have a higher number of female part time workers than male part time workers.

Covers operates within the Builders Merchants industry; a traditionally male-dominated sector.  Whilst Covers proportion of female employees is around 22% we are committed to finding ways to attract more females into our business.

We confirm the information and data reported is accurate as of the snapshot date 5 April 2017.

RUPERT GREEN

CHAIRMAN