Gender Equality
We believe all companies have a duty to provide a supportive working environment for women and should be transparent about their progress on the key measures. This page outlines our progress in achieving gender equality at PensionBee. All of the data relates to the 2022 calendar year.
2022 progress
2022 progress
Gender pay gap
Our median hourly pay gap is 0%, while our median bonus pay gap was 0%. The gap is in line with our aim of 0%, with a variance of +/- 5%. We call for an end to all gender pay gaps, and use our vote and our voice to campaign for change in investee companies. We also know that where a pay gap exists for women, a pension gap will follow. Through our UK pension landscape we highlight the UK’s 38% gender pension gap.
Gender diversity of senior management team
We’re proud to have achieved, and continued to maintain, gender parity in all levels of the company, including 50% female representation across the board of directors and management team and >50% on our Board. Building an inclusive product and service requires both diverse representation across all levels, especially in senior management, but also a workplace where everyone feels they’re able to succeed as themselves. We’re proud that 82% of colleagues would recommend PensionBee as a place to work.
Retention rate of female employees after parental leave
PensionBee has a new mum retention rate of 100% one year after parental leave, and has had many instances of promoting women while they’re on parental leave. We offer fully remote and flexible working arrangements to everyone, while every PensionBee parent also gets additional leave days, which can be used for the many unpredictable surprises that parenthood can bring.
Gender inclusive parental leave and childcare benefits
Our industry-leading Gender Inclusive Paid Parental Leave Policy offers 110 days of full pay to all new parents, regardless of gender. PensionBee parents can take their leave flexibly, over two years. New parents also receive a payment when they return to work, to support with the high costs of childcare. Our policy also supports anyone going through the adoption process, IVF or with additional caring needs, which we recognise impact everyone.
Salaries on job ads
As an equal opportunity employer, we’re committed to providing full pay transparency to existing and prospective employees in our workplace by publishing salaries on all job ads, whether for internal promotions or external hires. We’re also an accredited Living Wage Employer, committed to paying our over 200-strong team at least the London Living Wage, wherever they’re based in the UK. We believe transparency on job ads is crucial to narrowing the gender pay gap, as where there’s ambiguity women can be disadvantaged.
PensionBee is committed to building a product and company that helps achieve the United Nations Sustainable Development Goal 5 of Gender Equality. This also includes a longer term commitment to gender parity across our customer base. You can read our Bloomberg Gender Equality Index answers.