Sodexo has made a pledge to publish a detailed breakdown of pay variances and rectify discrepancies across its 35,000 UK and Irish employees
The foodservice and facilities management firm operates across more than 2,000 client sites and is believed to be the first company of its size and scope to offer such a detailed report.
Sodexo has committed to publicise a breakdown of its pay gap audit, which compares the pay of groups of its employees who are completing equal work, by 2016 where data is available. The groups are broken down by gender, ethnicity, disability and by working pattern.
The caterer will also conduct a full review of the banding of all roles, identify and rectify pay discrepancies, and work with clients, suppliers and its supply chain to drive further equality across the sector.
Debbie White, chief executive of Sodexo UK &Ireland, commented: "Driving equality throughout business is not only the right thing to do; it also drives better business outcomes. Sodexo's Equal Pay Pledge underlines our unwavering commitment to diversity and inclusion.
"In order to address gender inequality we think it is critical for businesses to be transparent about the scale of the gap that exists. I am proud that our company is one of the first of its size to take firm action to eradicate the gender wage gap and challenge other companies and organisations to follow suit."
Minister for Women and Equalities, Nicky Morgan, welcomed the pledge: "With the gender pay gap falling to its lowest ever level, I am delighted to hear that Sodexo has publicly committed to increase their pay transparency. It is vital that companies actively look at their gender pay gap, and publishing a breakdown of pay within the company is a great step towards this.
The pledge is launched alongside the announcement of the results of Sodexo's Gender Balance Study, which sourced data from 52,000 Sodexo managers working in around 100 entities across its global footprint.
The study found better performance across all the indicators measured, including employee engagement, brand image, consumer satisfaction, retention, organic growth and profits in parts of the business where there is gender balanced management (between 40-60 of managers are women).
The report found that over the past three consecutive years, parts of the business with gender-balanced management were 12% more likely to record consistent organic growth; and 21% more likely to show an increase in gross profit.