The last of the large property companies filed their gender pay gap data yesterday ahead of the midnight deadline, including Savills, Colliers International and GVA Grimley, as initial analysis suggested that the industry’s gap was significantly higher than the national average.
Savills’ main business reported a median (mid-point) pay gap of 44% and a mean (average) gap of 45% based on hourly rates. Bonuses awarded to women were 82% lower than that of men on both a mean and median basis.
However its management arm, Savills Management Resources, paid women a median hourly rate that was 16% higher than men’s and a mean hourly rate that was 1% higher. Within that company, women’s bonus pay was 4% higher than men’s.
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