The median gender pay gap and gender pension gap at the CII have continued to shrink in the last 12 months. It is three years since organisations in the UK started publishing figures on the gender pay gap.
The CII can now report that the professional body had a median gender pay gap of 13.94% in 2020, compared with 14.62% in 2019.
However, the CII’s mean gender pay gap marginally widened from 14.77% in 2019 to 16.25% in 2020.
In the last three years, the CII has re-evaluated roles to address any historic anomalies towards part-time workers; moved to ‘Anytime Anywhere’ working; trained managers to overcome unconscious biases; and committed to the Insuring Women’s Futures (IWF) Financial Flexible Working and Inclusive Customer Financial Lives pledges.
The Financial Flexible Working pledge commits firms to helping colleagues understand the long-term financial implications of flexible working.
The Inclusive Customer Financial Lives pledge commits firms to adopting an inclusive ‘whole customer’ approach, considering the impact of their life circumstances.
The full list of firms that have committed to the IWF pledges can be found here: www.insuringwomensfutures.co.uk/pledges-and-commitments