Amid media reports of chief executives of the UK’s leading companies now typically earning 129 times more than their average employee, Quakers in Britain have been awarded for their pay policy. They are the first major religious body to be a Pay Compare Mark employer.The Pay Compare Mark is awarded to employers who disclose the gap between their highest and lower paid workers on the Pay Compare website.
A submission from Britain Yearly Meeting (BYM) for Quakers in Britain, shows there are two pay scales, for those based in or outside London, both with a maximum of 1:4 ratio between the highest and lowest paid member of staff. This results in an overall ratio for BYM employees of 1:4.7 (one to four point seven). This covers staff (but not contract workers) in Friends House and Swarthmoor Hall, Cumbria. Displaying our pay scales is important, all the more so because we are part of the Hospitality industry, where many workers are on very low pay.
For Paul Grey, CEO of Friends House (London) Hospitality: “Our pay ratio policy is an important factor behind our success as an ethical commercial business”, and “Being transparent about how we reward staff has helped us to build a stronger staff community. Our customers can see we are putting into practice our values-based commitments.”
Paul Parker, Recording Clerk for Quakers in Britain explains Quakers’ commitment to equality. “Our vision of equality springs from our profound sense of the worth of every human being. Every person’s life is sacred and in this we are all equal. Neither money nor status can serve as a true measure of the value of any individual or group.”
“Publishing our pay ratio is an important part of our faith-led commitment to work for a more equal Britain,” he said. “Quakers have been calling on the government to do more to tackle economic inequality. So it’s only right that we are transparent about how we share financial rewards within our own organisation.”
Friends House (London) Hospitality is the solely owned trading arm of Quakers in Britain and as such, we support the church, faith and charity by gift-aiding our profits each year.
Some studies show that organisations with lower pay ratios experience greater loyalty, lower absenteeism and lower turnover among their staff.
Stuart Hill - Executive Director and Founder of Pay Compare, described Quakers’ award as a very exciting development and a real trailblazer.
Find out more: Paul Parker’s blog on Pay Compare