At Baxi Heating UK Ltd, part of the BDR Thermea Group, we are working together to create an environment at work that is fully inclusive for our colleagues, customers, and the communities in which we serve, and we are continuing to embed our values every day across the organisation.
Reducing the pay gap between men and women
We continue to focus on being as proactive as we can in reducing the pay gap between men and women at Baxi Heating UK Ltd. We have made significant progress over the last 6 years, with the mean pay gap reducing from 21.5% to 8.95% during that period but we have seen the mean gender pay gap increase from 7.25% to 8.95% in the last year.
One of our challenges was the number of women in senior management positions and this year we are delighted to report that women now make up 43.2% holding senior management positions, which exceeds the Group's aspiration of 35% of women in senior manager positions. We have also seen that women's and men's bonus payments are now aligned and due to the increase of women in senior roles, 70.6% of women were awarded a bonus in 2022/2023 versus 61.6% in 2021/2022.
Our commitment to having talent pipelines that are a good blend of men and women continues and will be a key focus in the forthcoming year as we know businesses perform better when there is a diverse senior management team.
Attracting, developing, nurturing, and retaining talented women continues to be of high importance to us as a business. We have seen the mix of genders of our Executive Leadership team change during this last year due to retirement and resignation. We actively have multiple women in shortlists for recruitment and aim to shortlist mixed-gender qualified candidates, whilst remaining committed to appointing the best candidate to the vacancy.
Our work with the Construction Inclusion Coalition continues and we are beginning to push more initiatives out via this Coalition which will support a greater mix of genders coming into the industry.