Zurich publishes second annual ethnicity pay gap data

10.2% in 2021

John Brazier
clock • 2 min read

Insurer launches series of initiatives to ensure workforce represent “21st century Britain”

Zurich has published its ethnicity pay gap data for 2021, showing a mean average hourly pay gap of 10.2%, an increase from 9.8% last year, which it attributes to staff turnover.  Meanwhile, Zurich's bonus gap stands at 37%, up from 19.6% in 2020.  It stated that the increases have been driven by the fact that there are "fewer Black and ethnic minority employees in senior roles." Almost nine out of ten (87%) employees at Zurich shared information about their ethnicity - 7.7% of which declare themselves as belonging to an ethnic minority. In response, Zurich has launched a series of ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Third of renters could only afford ten weeks off work

Third of renters could only afford ten weeks off work

Scottish Widows research

Cameron Roberts
clock 19 November 2024 • 2 min read
AXA Health appoints director of distribution and marketing

AXA Health appoints director of distribution and marketing

Richard Glassborow takes the role

Cameron Roberts
clock 18 November 2024 • 1 min read
Zurich UK adds employee neurodiversity assessments

Zurich UK adds employee neurodiversity assessments

Half of neurodivergent adults do not disclose due to stigma, research finds

Jen Frost
clock 14 November 2024 • 3 min read