Gender Pay Gap Reporting - Year 2

Spotlight on: Real estate

Overview of disclosures

April 2019 saw the second annual deadline for companies employing at least 250 people across England, Scotland and Wales to disclose their UK gender pay gaps. Based on over 10,000 submissions, it’s clear progress in closing the gap has been more muted than monumental. The fact sheet below sets out an analysis of the disclosed gender pay gap figures for companies in the real estate sector, including how these compare to the wider UK disclosures.

Overview of mean pay gap and bonus gap figures

The chart shows the median and quartile range of the mean and median pay and bonus gaps in real estate compared to all UK companies.

Overview of mean pay gap and bonus gap figures

Commentary

The real estate sector has one of the highest disparities between the proportion of women in the higher paid quartiles and the rest of the workforce. Representation of women in senior roles is the main driver of gender pay gaps in this sector.

There is a growing commitment to improving gender balance across the real estate sector. This includes the cross industry organisation, Real Estate Balance, whose recent survey of real estate employees and employers showed that in the past 2 years the sector has made considerable progress in flexible working and talent development planning. In addition, around 70% of real estate companies now have a diversity policy, with just over half of these having specific diversity and inclusion action plans in place.

However, progress is still needed with many employees feeling impatient about the pace of change, especially in key areas such as culture and behaviours.

Contact us

Luke Hatter

Reward & Employment Director, PwC United Kingdom

Tel: +44 (0)161 247 4094

Angus Johnston

Real Estate Leader, Global TFE leader, PwC United Kingdom

Tel: +44 (0)20 7804 2722

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