Corporate Social Responsibility / Practices / Compliance & Ethics / Gender Pay Gap Reporting UK / 2021

Gender Pay Gap Results 2021

The following charts detail our gender pay gap for UK (excluding Northern Ireland) workforce as of 5th April 2021.

Hourly Rate Gap

On average women are paid 14.9 percent less than men in our UK (excluding N.l.) workforce. We are confident that women and men are largely paid the same for comparable roles. The overall difference in average earnings identified in this disclosure is due primarily to the underrepresentation of women in senior leadership posts. Thanks to initiatives aimed at addressing the structural gap, we are pleased to report a reduction in the hourly rate gap since last year. We will continue to work to reduce this gap over the coming years.

Bonus Gap

Looking specifically at the average bonus gap between men and women, the difference is 29.6 percent. In the previous year we had experienced a higher bonus gap due to the increase in the bonuses paid to employees as a result of the acquisition of BTG. The current bonus gap, is driven by the underrepresentation of women in leadership roles as noted above; more men are in senior positions and senior positions attract higher performance bonuses.

Proportion of males and females in each quartile band

The population is divided into four equal parts or ‘quartiles’, from the lowest paid to the highest paid based on the calculated hourly pay rate. This breakdown of hourly rates by defined quartiles reflects the gender differences in our workforce with a greater proportion of men in higher paid quartiles.

Proportion of males and females receiving a bonus

This graphic illustrates that 91.9 percent of men and 87.6 percent of women received a bonus payment in the 12 months leading up to April 5th, 2021.

The overall proportion of employees receiving a bonus is lower due to a reduction in the UK workforce following the integration of BTG.

We look forward to introducing a new bonus programme in 2022 to capture those full time employees that were not previously eligible for any company bonus. We are anticipating that this will have a beneficial impact for our employees in recognising their valuable contribution to our company.

 

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I confirm the data reported is accurate.

Boston Scientific Limited
/s/ Jonathan Monson
Jonathan Monson
Director

Archive

Gender Pay Gap Reporting 2020

Gender Pay Gap Reporting 2019

Gender Pay Gap Reporting 2018

Gender Pay Gap Reporting 2017