- Mean gender pay gap reduced to 29.2% in 2021 from 30.9% in 2020
- Mean ethnicity pay gap reduced to 26.9% in 2021 from 29.4% in 2020
London, 04 April 2022 – Cushman & Wakefield has further reduced its mean UK gender pay gap to 29.2% in 2021, as the firm continues to progress its commitment to supporting a diverse and inclusive workplace.
The firm’s gender pay gap declined from 30.9% in 2020, having been 31.1% in 2019 and 35.8% in 2018. Its median pay gap has followed the same trajectory, dropping to 27.9% in 2021 from 28.7% the previous year.
George Roberts, Head of UK & Ireland at Cushman & Wakefield, said: “It is pleasing that the deliberate actions we have taken are continuing to close the gap, although we are under no illusion that there is still a lot more work to be done to improve diversity in all its forms across our business. We will continue to progress against the targets we have set ourselves in our DEI strategy which illustrate our commitment to fostering inclusion and welcoming individuals from all backgrounds into Cushman & Wakefield.”
As in previous years, Cushman & Wakefield has gone beyond the Government’s minimum legal requirement for gender pay gap reporting and has voluntarily included the full population of the firm to ensure that its gender pay gap shows a total and transparent picture of the overall gap. This includes its International Partners, senior leaders who, as part of an LLP, are exempt from the government requirements as they do not receive a direct salary.
Additionally, Cushman & Wakefield reported its mean ethnicity pay gap reduced to 26.9% in 2021 from 29.4% in 2020. Cushman & Wakefield voluntarily published its first ethnicity pay gap in 2019, recognising that the real estate industry has work to do to improve ethnic diversity.
Roberts said: “Ethnicity plays such an important role in diversity which is why we began publishing our ethnicity pay gap as a benchmark for improvement. We are confident that the meaningful measures we have outlined in our DEI strategy are helping to tackle structural imbalances and bring about positive change. As long as any gap exists, we will be fully focused on reducing it.”
Cushman & Wakefield was named one of the World’s Top Female Friendly Companies by Forbes last year and was included in the 2022 Bloomberg Gender-Equality Index (GEI), a modified market capitalisation-weighted index that aims to track the performance of public companies committed to transparency in gender-data reporting.
The firm also continued its commitment to inclusion with the appointment last month of Shauna Thompson as Director of Inclusion and Belonging, reporting to the firm’s Chief Diversity, Equity & Inclusion Officer Nadine Augusta.