A.B. Hotels (Five Lakes) Limited Gender Pay Gap Statement 2023

A.B. Hotels (Five Lakes) Limited as a relevant employer with more than 250 employees is obliged by law to prepare and publish Gender Pay Reporting under the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017.

The gender pay gap measures the difference in the average hourly rate of pay including bonuses paid between all the men and women in a Company. In accordance with the regulations this information is expressed as both a mean (i.e. average) and median (i.e. the middle rate when listed in numerical order).

The gender pay gap is different to “Equal Pay”, which is concerned with the legal requirement for men and women to receive the same pay for identical work. A.B Hotels (Five Lakes) Limited fully supports and implements this principle across equivalent roles throughout the business. We are committed to the principles of equal pay for all employees and will continue to regularly evaluate and measure to ensure we eliminate any gender bias in our developing pay and bonus structures taking any relevant action should any inequality be highlighted.

This report provides our gender pay gap report for the snapshot date of 5th April 2023.

Our findings demonstrate a positive overall position with regards to gender pay within A.B. Hotels (Five Lakes) Limited. We are delighted to note that our headline figures are significantly below the national averages held at the Office for National Statistics which found across all employers who reported, the gender pay gap averaged 12.0% based on median hourly pay. By comparison, the gap in median hourly pay (excluding overtime) across employers of all sizes was 14.3%.

We have more female roles across the company, and comparatively high female opportunities in the upper middle quartile. We believe we compare very favourably with many businesses for the numbers of female employees in senior positions throughout the multi-disciplinary teams across the business. Our policy is and will continue to be on developing people based on talent and ability regardless of gender.

Our findings are as follows:

Proportion of males and females in each quartile band: