Women at Cushman & Wakefield are paid on average 33.4% less than men and take home a bonus that is 69.8% lower.
C&W is now the third of the major agents to file its gender pay gap report. JLL reported a gender pay gap of 36.7% (and bonus gap of 78.9%) and CBRE a pay gap of 17.35% – close to the national average of 17.3% – and bonus gap of 69.2%.
Like its peers, C&W said that the gap was largely due to a lack of women in senior roles. Women make up just 24% of those in the upper quartile of earning at the business and 54% of the lower quartile.
Click here to read C&W’s pay gap report in full
Head of UK & Ireland George Roberts said: “Our gender pay gap is too wide. The result of too few women in senior roles, particularly in fee-earning roles. We are challenging the way we do things to address this imbalance, which has been a persistent issue for our industry.
“We are committed to challenging our working practices, processes and perspectives to provide a culture and environment at Cushman & Wakefield that welcomes, and actively supports and encourages anyone who has the talent, desire, appetite and ambition to succeed, regardless of gender, age, ethnicity or background.”
He added: “My personal commitment is to ensure that we are doing everything we now can to close the gap for the benefit of our people, our clients and our business.”
Read an overview of how the UK real estate industry is faring on gender equality in the workplace
To send feedback, e-mail Samantha.McClary@egi.co.uk or tweet @Samanthamcclary or @estatesgazette
