Gender Pay Report
2023-2024
Introduction
At Moss we value all our colleagues irrespective of gender. Diversity at every level of our business is vital to our success and continued growth. As a business we look to provide training and resource across our Retail Management and Head Office Teams on Equality, Diversity and Inclusion and we continue to develop and expand the resources available to our Line Managers.
The salaries of our colleagues are reviewed annually and set according to each role and job responsibility, irrespective of gender.
The results below are based on a snapshot on 5th April 2024.
Our Findings
The gender pay gap measures the difference between average hourly earnings excluding overtime of men and women, as a proportion of men's average hourly earnings excluding overtime; it is a measure across all jobs in the UK, not of the difference in pay between men and women for doing the same job.
According to the statistics of The Office for National Statistics (ONS) provided on data from April 2024, the gender pay gap in the UK was 7.0%; this was against 7.5% percent in April 2023.
There continues to be a large difference in the gender pay gap between employees aged 40 years and over and those aged under 40 years. In April 2024, the gender pay gap was highest in skilled trades occupations and lowest in the caring, leisure and other service occupations. Compared with lower-paid employees, the gender pay gap among higher earners is much larger, which is indicative of Moss’s results, however this difference has decreased in recent years.
Gender Demographic
The data below shows the proportion of men at all levels across the company and is a decrease compared to the previous year. It should be noted that headcount numbers have improved based on the previous year, where the business was emerging from the global Covid-19 pandemic.
Percentage of Women in Each Pay Quartile
Gender Pay Gap
The table below displays the gender pay gap, both mean and median and captures the difference between the hourly rate of male and female colleagues.
Summary
Women’s mean hourly rate is 5.4% lower than men’s. In other words when comparing mean hourly rates, women earn 94.06p for every £1 than men earn.
Women’s median hourly rate is 3.8% lower than men’s. In other words when comparing median hourly rates, women earn 96.2p for every £1 than men earn.
Gender Bonus Gap
The results below are based on the bonus payments (including commission) to employees in 2023-24.
Who received bonus pay:
89.1% of Women
89.9% of Men
Difference in bonus pay:
Women’s mean bonus pay is 34.3% lower than men’s
Women’s median bonus pay is 9.2% lower than men’s
Our Aim, Our Commitment For The Future
Our aim is to offer all our colleagues every promotional opportunity available to them based on their skills and qualities for the role regardless of gender, to enable us to retain staff and provide equity throughout the business.
At Moss we remain committed to equality in providing a fair and diverse workplace to support the needs of our business and those of our customers.