At United Trust Bank (UTB) we value diversity and welcome the multiple perspectives that contribute to building an inclusive culture in which everyone’s opinion is heard. We also know that to ensure that we continue to retain and attract the very best people in the industry, diversity and inclusion is critical. This is key for us as we channel our efforts to make sustainable change to our employee demographic over the long-term, and it remains an important measure of our overall success as a business.
This is the second year that we are publishing our Gender Pay Gap results. The actions we are taking to create a diverse, inclusive and equitable culture will take time to impact our Pay Gap, however we continue to take accountability for building a more gender diverse workforce at all levels.
We are pleased to have seen improvements in the gender diversity of our employees, including senior employees, over the last 12 months. We expect that as we continue to build upon these successes, we will start to see further improvements in our statistics.
As with the wider financial services industry, our Gender Pay Gap continues to be influenced by the proportionately higher number of males in senior management roles. Our results this year are also influenced by a historic long term share incentive award which was granted over 5 years ago. If these were removed our statistics would be aligned to the previous year’s results in 2021. As an industry we need to do more in this area and so, in partnership with my senior leadership team, HR and colleagues, I am committed to identifying and delivering key initiatives to sustainably address the gap over time.
We are particularly proud of our Diversity and Inclusion Committee and the Forum that drives our annual agenda of initiatives, bringing together senior leaders and employee representatives, to lead, guide and support the Bank’s diversity and inclusion agenda. This dedicated group of colleagues help to create an inclusive environment and embed practices that support equal access to opportunities for professional growth and advancement. This report covers other key actions that our business is taking to further support our diverse talent, and particularly our gender diversity.
Thank you to everyone at UTB who is working hard to deliver our vision of an inclusive, exciting and inspiring place to work. We are on this journey together, and I am proud to be taking it with such a talented group of colleagues.
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