JLL releases second gender pay gap report
JLL has published its second gender pay gap report 'Redoubling our efforts'.
The report shows that the mean gender pay gap within JLL’s UK business* has fallen from 36.7% to 30.8% and the median gender pay gap has decreased from 6.6% to 4.5%.
Chris Ireland, UK CEO at JLL, said: “It is pleasing to see that both the median and mean gender pay gaps across our UK business have fallen, however our report still makes for uncomfortable reading and that is why we have made a commitment to redouble our efforts.
“We must do more to strive for a better gender balance at JLL, in the property sector and the wider business community. Women’s historic under-representation in the property industry, particularly in senior positions, is further impacted with women leaving the sector at a faster rate than men. The changes we have already made to address this have led to a 23% increase in female hires in the last year. From our senior leadership team down we are committed to building on this through a number of proactive initiatives that are underway across our business. We know it will take time to close the gender pay gap in a way that is both impactful and sustainable for years to come however failing to address this issue is not an option for us.”
Redoubling our efforts is available to download here.
JLL applies the following definitions to its gender pay gap reporting
*JLL - JLL’s gender pay gap mean and median figures includes everyone in our UK business structure, no-one is excluded. A full breakdown of the individual entities that make up JLL’s UK business is included in the report.
Gender Pay Gap - measures the difference between the average pay of all men and women in an organisation, regardless of the job they do. It usually results from there being more men than women in senior roles. A better term for it might be ‘gender role gap’.
Equal Pay - examines people doing the same job, or work of similar value, our processes ensure equal pay, as such this differs from Gender Pay Gap.
Mean – pay gap & bonus gap – the difference between the average earnings of men and women.
Median – pay & bonus gap - the difference between the midpoints in the ranges of earnings of men and women. Taking the pay and bonuses, lining them up in order from lowest to highest, and looking at the differences at the midpoints.
Quartiles – the percentage of men and women ordered from lowest to highest pay when divided into four groups.
Bonuses – the proportion of men and women receiving bonus payments.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.