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Urenco publishes 2021 Gender Pay Gap Report
25 March 2022 Global NewsGender pay gap is the difference between the mean and median earnings of men and women as a percentage of men’s earnings.
This is different to equal pay, which is the principle that men and women should receive the same pay for carrying out the same jobs, similar jobs or work of equal value.
The report shows that for all UK-based employees, our mean hourly pay gap decreased by 3.9% to 13.7%, the lowest since the implementation of gender pay gap reporting in 2017,
resulting in an overall decrease of 10.4% in the 4-year period.
Our median hourly pay gap has also decreased in 2021 by 0.2% to 12.3%, and continues to be below the national median pay gap of 15.4% (ONS, October 2021).
These trends are linked to changes in gender distribution in Urenco’s workforce. Namely, out of all employees that moved to higher pay quartiles during the last year, 34.3% were female
(9.4% higher than the proportion of women in the general workforce).
Sarah Howe, Culture, Diversity & Inclusion Programme Director, comments:
“Over the last few years, we have laid solid foundations in our commitment to becoming a more inclusive and diverse organisation. We have developed an ambitious new strategy that will take us to 2025, which includes talent development, recruitment, succession planning and training.
“We want our Urenco working culture to be a fantastic experience for every single person.
“We have made some good progress on the gender pay gap but there is still more we can do.
“We’re also aiming to increase the number of women and colleagues from under-represented groups in leadership roles, and create a culture which is always challenging the status quo.”
The full gender pay gap report is available here.
*Gender pay gap reporting is a legal requirement from the UK Government for all employers in the UK with more than 250 employees. Currently Urenco UK is the only UK entity to meet the government’s criteria however Urenco has chosen to show the same data for all UK-based employees.
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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