Gender Pay Gap
Equality, Diversity & Inclusion
We remain committed to supporting diversity at all levels within the Smyths Toys Group by providing equality of opportunity and eliminating all forms of any direct or indirect discrimination.
We always offer fair and competitive pay and benefits to all our staff. Our pay structures are transparent and 100% performance related.
All employees at Smyths Toys are afforded 100% equal pay for equal work regardless of their gender. The only reason that we collate gender information is for the purposes of this report, we have no other use for this information.
Gender Pay Gap Report
Median (Middle) | Mean (Average) | |
|---|---|---|
Gender Hourly Pay Gap 2024 | 2% | 7% |
Gender Hourly Pay Gap 2023 | 3% | 9% |
Gender Hourly Pay Gap 2022 | 2% | 10% |
Our analysis is based on relevant employees employed by the company as of 5 April 2024.
Our analysis shows there is a 2% median hourly pay gap in 2024. What does this mean? If we list the pay for all men and the pay for all women in Smyths Toys UK Limited and compare the middle value from each list, the median hourly wages for men was 2% higher than the median hourly wages for women.
When you compare the average pay for a male to the average pay for a female, the male average is 7% higher than the female average. This is driven by proportionately fewer females occupying more senior roles. This figure is low for our sector and has reduced since 2019. We will continue with our current strategies to reduce this gap further.
Bonus Gap
Female | Male | |
|---|---|---|
% of employees receiving a bonus 2024 | 76% | 71% |
% of employees receiving a bonus 2023 | 72% | 70% |
% of employees receiving a bonus 2022 | 66% | 66% |
Median (Middle) | Mean (Average) | |
|---|---|---|
Bonus Pay Gap 2024 | 16% | 52% |
Bonus Pay Gap 2023 | 15% | 58% |
Bonus Pay Gap 2022 | 19% | 59% |
Our bonus programme is performance driven with bonus targets and payments reflecting the role, value added and responsibility of the relevant employee. This year, 71% of all males received a bonus and 76% of all female employees received a bonus (as of the snapshot date).
We are continuing to develop our female talent in the business, with the gender split and bonus % more evenly distributed at junior management level.
We will continue to appoint the best person to the role, regardless of gender.
Pay Quartiles
In 2024 our pay quartiles confirm that we have a broadly even distribution of male and female employees with the exception of the upper quartile. We are working to reduce this gap and have seen a reduction in the upper middle quartile and the lower middle quartile in recent years. There are now more females rising through the business in these quartiles in line with our plan to reduce the gap
Anthony Smyth,
Managing Director
29th March 2024