Fivium: Breaking Barriers and Championing Gender Pay Equity in the UK Tech Industry
With gender pay gaps persisting in numerous industries, the UK tech sector has been under scrutiny for its unequal compensation practices. According to Women in Tech, 91.1% of tech companies pay their male employees more than their female staff at a gap of 16%; this is far higher than the national average of 11.6%.
Fivium is proud to publish its analysis of the Gender pay gap. Our results are published voluntarily in response to the Business, Energy and Industrial Strategy Committee’s Closing The Gender Pay Gap report and cover April 2022 to the end of March 2023.
We are delighted to announce that we are once again turning the tables on the gender pay gap, paying our median female employees 12.95% more than median male employees.
“Fivium has long recognised the importance of fostering an inclusive workplace culture. From the outset, we have strived to create an environment where all employees, regardless of demographic, feel valued, empowered, and fairly compensated. This commitment to inclusivity has helped shape our forward-thinking approach to tackling the gender pay gap head-on and is reflected in the current results of our pay gap analysis. With the talent pool available in the tech industry being heavily male-dominated, we are continuing our programme to encourage school children, particularly females, to study STEM subjects.
“At the heart of Fivium's progressive pay structure lies a transparent and objective evaluation process that considers skills, experience, and expertise without bias. By openly sharing our success and encouraging other companies to follow suit, we hope to catalyse a wider movement toward gender pay parity.” Richard Clarke, Director, Fivium