Gender Pay Gap Statement

Williams Loans Gender Pay Gap StatementLast Updated: 7th May 2023IntroductionAt Williams Loans, we are committed to promoting gender equality and ensuring that all employees, regardless of their gender, have equal opportunities to succeed and grow within our organization. We recognize that addressing the gender pay gap is an important part of our commitment to gender equality, and we are dedicated to taking the necessary steps to close any gaps that may exist within our business. This Gender Pay Gap Statement outlines our approach to addressing the gender pay gap, including our commitment to transparency, fair pay practices, and ongoing monitoring and review.ScopeThis Gender Pay Gap Statement applies to all employees of Williams Loans, including full-time, part-time, and temporary workers. It covers all aspects of our employment practices, including recruitment, selection, training, promotion, compensation, benefits, and termination.Our Commitment to Gender Equality and Fair Pay

  • Transparency: We are committed to being transparent about our gender pay gap and providing regular updates on our progress in closing any gaps that may exist.Equal pay for equal work: We are committed to ensuring that all employees, regardless of their gender, receive equal pay for equal work, in accordance with the UK’s Equality Act 2010.Fair pay practices: We are dedicated to implementing fair pay practices that promote gender equality, including conducting regular pay reviews, using objective criteria for setting pay levels and determining pay increases, and addressing any instances of pay inequity that may be identified.Recruitment and selection: We are committed to ensuring that our recruitment and selection processes are fair, inclusive, and equitable, and that all applicants are treated with respect and dignity, regardless of their gender.Training and development: We will provide regular training and development opportunities for all employees to increase awareness and understanding of gender equality, unconscious bias, and the gender pay gap, as well as to promote a culture of inclusion and equal opportunity within our organization.Flexible working: We are committed to supporting flexible working arrangements for all employees, where possible, in order to promote work-life balance and equal opportunities for career progression, regardless of gender.

    • Gender Pay Gap ReportingIn accordance with the UK’s Gender Pay Gap Regulations, we will publish our gender pay gap data annually, including the following metrics:
  • Mean gender pay gapThe median gender pay gapMean bonus gender pay gapMedian bonus gender pay gapThe proportion of men and women receiving a bonus

    1. The proportion of men and women in each pay quartile
      2. Our gender pay gap data will be made publicly available on our website at https://williamsloans.co.uk/ and will also be submitted to the UK government’s Gender Pay Gap Service.Addressing the Gender Pay GapIn order to address any gender pay gaps that may be identified within our organization, we will develop and implement targeted action plans, which may include the following measures:

    2. Reviewing and updating our recruitment, selection, and promotion processes to ensure that they are fair, inclusive, and equitable for all applicants and employees, regardless of their gender.Providing training and development opportunities for employees at all levels to increase awareness and understanding of gender equality, unconscious bias, and the gender pay gap, as well as to develop the skills and knowledge necessary for career progression.Implementing mentoring and sponsorship programs to support the career development of underrepresented gender groups within our organization.Reviewing and updating our compensation and benefits policies to ensure that they are

    1. fair, transparent, and equitable for all employees, regardless of their gender.

    1. Supporting flexible working arrangements for all employees, where possible, in order to promote work-life balance and equal opportunities for career progression, regardless of gender.
    2. Engaging with external organizations and participating in industry initiatives focused on promoting gender equality and addressing the gender pay gap, such as Business in the Community’s Gender Equality Campaign.
    3. Regularly reviewing and evaluating the effectiveness of our action plans and adjusting our strategies as necessary to ensure that we continue to make progress toward closing our gender pay gap.

    Monitoring and Review

    We will monitor the implementation and effectiveness of our efforts to address the gender pay gap on an ongoing basis, using both qualitative and quantitative data to assess our progress. This may include collecting and analyzing relevant data, conducting surveys or focus groups, and reviewing our policies and procedures to identify areas for improvement.

    This Gender Pay Gap Statement will be reviewed and updated annually to ensure its ongoing effectiveness and relevance. Any changes will be communicated to all employees, as appropriate, and will be reflected in our annual gender pay gap reporting.

    At Williams Loans, we are committed to promoting gender equality and ensuring that all employees, regardless of their gender, have equal opportunities to succeed and grow within our organization. By implementing this Gender Pay Gap Statement and taking proactive steps to address any gender pay gaps that may exist within our business, we aim to create a more inclusive and equitable work environment for all employees. We believe that by working together, we can make meaningful progress towards achieving gender equality and closing the gender pay gap, both within our organization and in the wider society.