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Gender pay gap data for Magna Housing Limited

Magna employs more than 250 people so it is required to publish details of its gender pay gap. The data is based on the April 2023 earnings for those employed by Magna on 5th April 2023.

440 individuals were included in the results, 174 females and 266 males. This includes Board Members and casual workers but excludes anyone on reduced pay. The calculation includes other payments such as on call payments and fire warden allowances.

The calculation requires us to deduct from pay any amount that is paid into a salary sacrifice scheme. At Magna, most of our colleagues pay their pension contributions through salary sacrifice. This, therefore, has an impact on our pay figures. A man and a woman could have the same level of pay, but if one pays their pension through salary sacrifice and the other does not, then their pay for the purposes of this reporting will show as being different.

Magna’s six gender pay gap calculations for April 2023 were:

1. Mean gender pay gap = 1.48% (it was 0.38% in 2022, 1.86% in 2021, 14.2% in 2020, 7% in 2019 and 14.1% in 2018, and 17.7% in 2017)

2. Median gender pay gap = 13.22% (it was 9.95% in 2022, 6.94% in 2021, 15.3% in 2020, 13% in 2019, 10.9% in 2018 and 18.4% in 2017)

3. Mean bonus gender pay gap = -5.13%

4. Median bonus gender pay gap = 0%

5. Percentage who received a bonus = 90.4%

6. Proportion of males and females in each quartile bracket (if you sort the hourly rates low to high and then split them into four equal groups, the 1st quartile being the lowest and the 4th being the highest) =

% of females% of males
1st quartile57%43%
2nd quartile43%57%
3rd quartile20%80%
4th quartile38%62%