Knowledge Hub
by Zumo team
March 2024
On the occasion of International Women’s Day 2024, Dagmara Aldridge, Chief People and Culture Officer, reflects on Zumo's commitment to gender equality and shares data on the gender pay gap.
As International Women’s Day approaches, we’ve been reflecting on our journey towards gender equality – celebrating our achievements, but also acknowledging the areas where we aim to grow further. Our commitment to creating an inclusive workplace is unwavering, and we believe that transparency is key to driving change.
We’re proud to share that our mean gender pay gap across all employees now stands at -2.38%, indicating that, on average, women in our company actually earn slightly more than the men. This statistic reflects our dedication to ensuring equitable pay and demonstrates significant progress towards gender parity.
Women also represent 43% of our management team, with their salaries constituting 51% of the overall salaries within this group. This highlights the value we place on women’s contributions at the managerial level.
While we rightly celebrate these achievements, we also recognise areas requiring further attention. Our median gender pay gap reveals a 23% disparity, signalling that the midpoint of women’s earnings is lower than that of men’s. To address this, we will continue enhancing our recruitment and promotion processes to ensure a gender-diverse pipeline of talent, particularly focusing on increasing female representation in development roles, executive roles and on our Board. We have already seen some success with the addition of two women to our QA team.
We will continue to regularly review and adjust our compensation practices to ensure fairness and equity in pay across genders. We have just appointed a Board Remuneration Committee to oversee this important work.
At Zumo, we believe that gender equality is not just a moral imperative but a critical component of our overall success. As we move forward, we remain dedicated to fostering an environment where every employee, regardless of gender, has the opportunity to thrive. This International Women’s Day, we reaffirm our commitment to this goal, understanding that while we have made progress, our journey towards gender equality continues.
I would urge others across the finance and fintech sectors to follow suit, and help build a more equitable and inclusive future.
