At Cyient, we strive to create a fulfilling, inclusive and diverse workplace, with equality and fairness at the center of our values, policies and day-to-day practices. We aim to ensure that women have equal opportunities to achieve career progression within the organization as men. In keeping with our own goals for gender equality, Cyient welcomes the legislation introduced by the UK government, requiring companies with 250 or more employees to report their gender pay gap by April 5, 2018. Cyient’s leadership team believes that increasing transparency is a key step toward closing the gender pay gap.
PROPORTION OF EMPLOYEES IN EACH QUARTILE PAY BAND
PERCENTAGE RECEIVING A BONUS
UNDERSTANDING THE GENDER PAY GAP
Based on our reward practices in the UK, which include a gender pay audit, we are confident that our pay gap is not the result of a systemic equal pay issue. We have conducted extensive research and analysis to better understand the causes of our pay gap, and we will proactively communicate any initiatives we undertake to tackle it. Our median gender pay gap is 20.8% while our mean gender pay gap is 25.1%. This is mainly driven by the irregular distribution of women and men across roles and the organization as a whole.
Like other employers within the engineering sector, we have a greater number of technical roles, such as engineering, project management and technical support, which represent a significant portion of our UK workforce. We analyzed our reportable UK pay from lowest to highest; then we arranged the pay into four equal sub-populations, including upper quartile, upper middle quartile, lower middle quartile and lower quartile, to show how the distribution of women and men varies across each pay group. Our female population is situated in the lower pay quartile, while our highest pay quartile is heavily male-dominated, and we are actively working to ensure a more effective gender balance moving forward.
OUR ACTIONS TO CLOSE THE GAP
At Cyient, our aim is to ensure that each of our employees is given the opportunity to reach their full potential. We are sharpening our focus on building inclusive and talented leaders by attracting, recruiting, developing and retaining a diverse organization of associates. Over time, we are confident that this approach will help us to close the gender pay gap.
We confirm that our gender pay calculations are accurate and meet the requirements of the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017. The calculations, data and assertions in this document have been assured by Cyient Europe Limited.
Head of Human Resources, EMEA
Managing Director, Cyient Europe Ltd.