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Colliers Publishes its Ethnicity Pay Gap

Colliers Publishes its Ethnicity Pay Gap
21 October 2021
 

For the first time, Colliers has published its Ethnicity Pay Gap data.

The company is amongst the first in the commercial real estate industry to publish ethnicity pay data, despite there currently being no legislative requirement to do so.

The main ethnicity pay gap at Colliers is 20.4 per cent and a bonus gap of 50.1 per cent, based on 70 per cent of staff completing the ethnicity survey.

 

Image

Picture: a graphic showing Ethnicity Pay Gap data from Colliers, demonstrating a gap of 20.4 per cent

 

Colliers admits that they have significant work to be done, but feels that having access to ethnicity pay gap numbers provides an opportunity from which to review and build.

“We continue to set our own agenda for reporting our pay data, in line with our D&I strategy,” said Tony Horrell, Colliers’ CEO UK & Ireland. 

“By recording our ethnicity pay numbers alongside our gender pay, we are getting an invaluable picture of the demographic make-up of our business. Publishing this data and being open and transparent about the numbers is a key objective for us and is imperative if we are going to move forward as an industry and continue to lay strong foundations for the next generation of real estate professionals.”

Colliers’ HR Director, Lydia Ings adds: “We are proud to be amongst the first in our industry to publish our ethnicity pay data. This gives us another line in the sand from which to build upon and demonstrates how far we have come as a business in getting the necessary buy-in from our people to gather the vital data needed to progress when it comes to D&I in our workplace. By publishing our ethnicity pay data, we are taking responsibility and acknowledging that we are accountable for our own progress.”

Horrell concludes: “Regardless of whether we are looking at ethnicity or gender pay, the fundamental challenge remains the same, we still do not have enough women or non-white senior individuals working in our industry and this is something we remain committed to challenging.”

The full report can be viewed here.

Picture: a photograph of a person working at a laptop. Image Credit: www.ukblacktech.com

Article written by Ella Tansley | Published 21 October 2021

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