Broadridge Financial Solutions, Inc. · NYSE:BR
Broadridge Financial Solutions — ESG Presentation (April 2022)
16 slides from Broadridge Financial Solutions's sustainability presentation, Apr 6, 2022
Slide 1: Gender Pay Reporting
Gender Pay Reporting April 6, 2022
Slide 2: Contents
Contents 1. Executive Summary 2. Structure of the workforce & Pay quartiles 3. Mean and Median pay gap 4. Bonus pay gap 5. Percentage of employees receiving bonus 6. Conclusions 7. Appendix | CONFIDENTIAL INFORMATION | © 2021 1
Slide 3: Executive Summary & Commentary
Executive Summary & Commentary • Broadridge Financial Solutions Ltd currently has c 587 associates but this report reflects data from April 2021 with a headcount of 551. The business is predominately financial services technology and operations; Broadridge also has other group companies in the UK wh
Slide 4: Reporting Requirement 6: Pay Quartiles
Reporting Requirement 6 6. PERCENTAGE OF MEN AND WOMEN IN EACH HOURLY PAY QUARTILE April 2021 – Pay Quartiles Quartile Pay (Per Total Band Male Female % Males % Females hour) Employees A £8.32‐ £22.37 79 55 134 59.0% 41.00% B £22.44 ‐ £39.33 96 37 133 72.2% 27.80% C £39.56 ‐ £54.62 107 27 134 79.9%
Slide 5: Pay quartiles
Pay quartiles We are actually improving the balance in pay quartiles 1 and 3 where we see a net increase of women over men. One female joined Pay quartile 4 in the year while male participation in this band increased. Note the pay bands reflect some apprentice pay rates at the lower end of the first
Slide 6: Number of Males and Females in each Pay Quartile over the last 3 years
Number of Males and Females in each Pay Quartile over the last 3 years Chart Title 140 120 117 107 106 104 100 96 Number of Employees 84 79 80 74 74 71 60 55 57 51 48 37 38 40 33 27 26 17 18 16 20 12 10 0 A B C D A B C D A B C D 2021 2020 2019 Male Female | CONFIDENTIAL INFORMATION | © 2021 5
Slide 7: Reporting Requirements 1 & 2: Mean and Median Pay Gap
Reporting Requirements 1 & 2 1. MEAN (AVERAGE) GENDER PAY GAP USING HOURLY PAY 2. MEDIAN GENDER PAY GAP USING HOURLY PAY April 2021 Gender Pay Gap Female Mean Male Mean Difference Mean Gender Pay Hourly Pay Hourly Pay Gap 33.34 46.59 13.26 28.5% Female Median Male Median Difference Median Gender hou
Slide 8: Mean and Median Gender Pay Gap over the last years
Mean and Median Gender Pay Gap over the last 3 years 45.00% 40.10% 39.03% 40.00% 38% The Gender Pay Gap (Percentage) 35.00% 29.49% 30.00% 27.99% 28.50% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% 2019 2020 2021 Reporting Year Mean Gender Pay Gap Median Gender Pay Gap | CONFIDENTIAL INFORMATION | © 2021
Slide 9: Bonus arrangements in Broadridge
Bonus arrangements in Broadridge • All our associates are entitled to either a World Class Service bonus or a Management bonus. • There are eligibility rules and cut off points for new hires to receive bonuses in the financial year. Joining after the cut off date is the main reason an associate woul
Slide 10: Reporting Requirements 3 & 4: Bonus Pay Gap
Reporting Requirements 3 & 4 3. MEAN (AVERAGE) GENDER PAY GAP USING BONUS PAY 4. MEDIAN GENDER PAY GAP USING BONUS PAY April 2021 Gender Bonus Gap Mean Female Mean Male Difference Mean Gender Bonus Bonus Bonus Gap 13,110.10 30,636.62 17,526.52 57.2% Median Female Median Male Difference Median Gender
Slide 11: Mean and Median Gender Bonus Gap over the last years
Mean and Median Gender Bonus Gap over the last 3 years 90.00% 78.52% 80.00% 74.46% 70.00% The Gender Bonus Gap (Percentage) 58.90% 59.35% 56.90% 60.00% 57.20% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 2019 2020 2021 Reporting Year Mean Gender Bonus Gap Median Gender Bonus Gap | CONFIDENTIAL INFORMATI
Slide 12: Reporting Requirement 5: Percentage Receiving Bonus Pay
Reporting Requirement 5 5. PERCENTAGE OF MEN AND WOMEN RECEIVING BONUS PAY April 2021 – Proportion of men and women who received a bonus payment. Gender Received a bonus Proportion Female 142 78.2% Male 409 88.8% 2020: 66.12% of females received a bonus whereas 74.46% of males received a bonus 2019:
Slide 13: What's Next?
What’s Next? • A written statement, called a “Supporting Narrative” signed by the Director of Broadridge confirming the accuracy of the calculations, an explanation on why there is a gap and what Broadridge intends to do. • The information must then be published on our website and on the government
Slide 14: Appendix
Appendix • Gender pay reporting legislation requires employers with 250 or more employees to publish statutory calculations every year showing how large the pay gap is between their male and female employees. • Broadridge Financial Solutions Ltd had 551 employees on the snapshot date 5th April 2021
Slide 15: Directors approval of this Supporting Narrative
Directors approval of this “Supporting Narrative” This information is published on Broadridge.com Link and on the government website at www.gov.uk/genderpaygap Approved by Tom Carey, Company Director and President, Global Technology and Ops. Signed ____________________________ 06/04/2022 Date_______
Slide 16: No part of this document may be distributed, reproduced or posted without the express
No part of this document may be distributed, reproduced or posted without the express written permission of Broadridge Financial Solutions, Inc. ©2021 Broadridge Communications Financial Solutions, Inc. All rights reserved. Broadridge and the Broadridge logo are Technology registered trademarks of B
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