In compliance of SECP Circular No. 10 of 2024 dated April 17, 2024, following is the gender pay gap calculated for the year FY 2023-24
- Mean gender pay gap -34%
- Median gender pay 7.85%
Working basis:
|
Rs. Per hour |
Mean of Male Employee |
1,026 |
A |
Mean of Female Employee |
1,377 |
B |
Median of Male Employees |
778 |
C |
Median of Female Employees |
717 |
D |
SECP Notes for guidance:
- Calculation for mean gender pay gap
(A-B)/A * 100
Where A: The mean hourly rate of pay of all male full pay relevant employees
And B: The mean hourly rate of pay of all female full pay relevant employees
- Calculation for median gender pay gap
(C-D)/C * 100
Where C: The median hourly rate of pay of all male full pay relevant employees
And D: The median hourly rate of pay of all female full pay relevant employees
- Full pay relevant employees means those employees being paid their full basic in the relevant pa period. It includes cash allowances, holiday and leave pay, shift premium pay, as applicable
- Full pay excludes overtime, on-call payments, pension contributions, termination/Notice pay, non-cash benefits such as car benefits etc., interest free loans, payments relating to other pay periods such as arrears