The Channel Islands Co-operative Society has released its gender pay gap report, showing it “outperforms” local and national benchmarks.
The report shows that CI Coop has a median gender pay gap of 0%. This means that when the data set collected for the report is sorted in ascending order, the gender pay gap at the middle value is 0%.
This is significantly lower than the UK median of 13.1% and Jersey’s 7.8%.
The society’s mean – or average – gender pay gap is 6.3%. This figure also surpasses the UK average of 13.8% and the Wholesale and Retail Trade sector’s 14.5%.
CI Coop CEO Mark Cox said: “Fairness and inclusion have always been at the heart of our business, and reporting our gender pay gap is one way we hold ourselves accountable.
“It helps us understand where we are, and more importantly, where we need to do better.
“When businesses share their data, they’re more likely to examine the root causes behind the gap and take real action, whether that’s improving recruitment, development or pay practices.”
The CEO added that the society had recently introduced competency frameworks that offered wider salary bands.
“While this may result in some variability in our gender pay gap figures going forward, we remain firmly dedicated to maintaining fair and equitable pay practices for all employees,” said Mr Cox.
CI Coop said it had monitored its gender pay gap for several years, but its decision to publish detailed, standalone reports – including clear explanations of the figures, their significance and the steps being taken to maintain progress – “underscores how important this issue is to the business”.
The report was produced in partnership with local pay gap specialists MyAnova.
It went through an external validation process, and “informed, actionable” recommendations were provided to maintain transparency and accountability, CI Coop said.
Natalie Clare, Chief People Officer at CI Coop, added: “Publishing our gender pay gap figures and the steps we are taking to maintain parity reflects our belief in transparency and continual improvement.
“We are proud to lead by example in our local community and want to ensure that everyone across our islands is treated fairly, valued, and given equal opportunity to thrive.”