The production of a pay policy supports our values of openness and fairness. This policy aims to ensure that all staff are rewarded fairly and without discrimination for the work that they do. It will reflect fairness and equality of opportunity, the need to encourage and enable staff to perform to the best of their ability and the desire to operate a transparent pay and grading structure.
Pay policy multipliers
The multiple between the lowest paid FTE (full time equivalent) + CEO: 8:1
The multiple between the lowest paid FTE + average CO: 5:1
The multiple between the median FTE + CEO: 4:1
The multiple between the median FTE + average CO: 2:1
Gender Pay Gap Report
The purpose of Gender Pay Gap reporting is to achieve greater gender equality across the UK and increase pay transparency.
The Gender Pay Gap Information Regulations apply to employers in the public and private sector. The Regulations require all employers with 250 or more employees to report their Gender Pay Gap annually on the “snapshot” date, publishing on a national Government website as well as the organisations website. The “snapshot” date for the public sector is 31st March each year.