The results show that Weetabix had a 5.4% pay gap in mean pay in 2016-17, much lower than the UK company average, which was 18.1% in 2016.
The report also reveals that Weetabix has closed its pay gap by 3.7% in the past year.
Stuart Branch, Group HR and IT director at Weetabix, said: “We’ve been on a journey over the past four years to ensure gender is not a factor in any decision, including what our colleagues are paid. Ensuring we encourage career progression for all colleagues in our business, regardless of gender, has been and remains at the heart of our leadership team’s agenda. We’re really proud of the results, which show the gap has closed significantly, but we’re not stopping there.
“The manufacturing industry is traditionally a male dominated environment and while it’s great to see that relative to national and industry statistics, our gender pay gap is at the lower end, there’s still more we can do. Weetabix remains committed to closing the gap even further over the next few years.”
Weetabix is not required to publish its gender pay gap until 5th April 2018. Under the Equality Act 2010, all organisations with 250 or more employees are required to do so.
Minister for Women Anne Milton said: “It is fantastic to see employers like Weetabix taking this important step in tackling the gender pay gap. They are setting an excellent example for other employers as we build a stronger, fairer country where success is defined by work and talent, not gender or circumstance.
“We have more women in work than ever before and the gender pay gap is at a record low, but there is more to do. Closing the gender pay gap isn’t just the right thing to do, it also makes good business sense, so that employers can take action to make sure every employee reaches their full potential.”
