Gender Pay Gap

Gender Pay Gap is a report required by law under the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017, where companies that comprise more than 250 members of staff are obliged to report the percentage difference on average hourly earnings for Men and Women.

For the snapshot date of 9th June 2022, Taiko Foods has published the results of its gender pay report on both its own website and on the Government portal. The snapshot shows the following measures:

  •   The mean and median gender pay gap
  •   The mean and median bonus gap
  •   The proportions of males and females who receive bonuses

 

Taiko Foods Gender Pay Gap Results:

Taiko Foods is a market-leading Japanese Food manufacturer based in London, focused on producing the best quality Sushi, Bentos and Food to Go products. This is a business which has been enriched by the diversity of backgrounds, experiences and ethnicities that make up its teams.

Promoting equality and diversity at all levels, regardless of gender, race or ethnicity, is something that is a priority for us. We place a great importance on our efforts to close the gap on gender pay and are proud of significant progress we have made in improving gender representation in recent years, though we recognise that there remains work to be done in this regard.

We are  pleased to have reduced our mean and median pay gap during the period as we work towards the Snowfox Group’s aim of having a 0% gender pay gap. At the time of writing, the mean pay gap between males and females has reduced to 2.8%, while the median pay gap has almost reached parity at 0.1%.

This is a result of progress from our new Diversity, Equity and Inclusion policy, ‘Affinity’ as well as action taken to encourage the promotion and development of female colleagues to be better represented at higher management levels. This was also a period in which we reduced the gap in average bonus payment between male and female colleagues by nearly two thirds.

While we have made progress in our gender pay gap during the period, we are not complacent, and we are focused on improving this further – not least via the continued appointments of women into senior management roles.

As a business, we remain committed to continuing to address disparities in pay and ensuring that we remain an employer of choice for our colleagues and within our industry.

 MALEFEMALEGAP %
Pay Rate   
Mean£11.17£10.862.8%
Median£10.50£10.490.1%
Bonus Amount   
Mean£851£70617.1%
Median£519£35531.6%
Quartile Pay Band   
Lower39%61%
Lower Middle49%51%
Upper Middle44%56%
Upper51%49%
Paid Bonus
Total Employees Paid361438
# Paid Bonus188183
% Paid Bonus52.1%41.8%

 

I can confirm the above is true and accurate.

Richard Hodgson
Chief Executive Officer
Taiko Foods