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MTM ENGINEERING

GENDER PAY REPORT 2024

At MTM Engineering, we believe in transparency and continuous improvement, particularly when it comes to fostering an inclusive and equitable workplace. As a company operating in a traditionally male-dominated industry, we recognise the importance of addressing gender representation and pay disparities while working toward long-term progress.

 

The following report provides insight into our gender pay gap figures for 2024, illustrating where we stand today and underscoring our commitment to creating a more balanced workforce for the future.

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Headcount Breakdown

Our current workforce comprises 96% male and 4% female employees. This ratio reflects the broader challenges within the electrical engineering industry, where women have been historically underrepresented. While this highlights the work we need to do, it also reinforces our dedication to encouraging women to pursue careers in this industry and creating pathways for their success at MTM Engineering.

Gender Pay Gap:
Hourly Pay

The mean and median gender pay gap for hourly pay are both 21%. This represents the difference in average and mid-point earnings between male and female employees as a percentage of male earnings. We are actively exploring initiatives to support women’s career progression within the company and reduce this gap over time.

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Gender Pay Gap: Bonus

We are proud to have equal percentages of male and female employees receiving bonuses at 10%. However, we recognise that disparities remain in bonus amounts due to the concentration of men in senior roles, where bonuses are typically higher.

 

We are committed to fostering greater gender balance across all levels of the organisation. By encouraging career growth and supporting women’s advancement into leadership roles, we aim to create a more equitable distribution of rewards in the future.

Gender Distribution
Across Pay Quartiles

Our gender distribution by pay quartiles further reflects the male dominance in the industry. While these figures highlight the current gender imbalance, they also serve as a clear indicator of where we must focus our efforts to foster better representation across all levels of the company.

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Our Commitment to Progress

At MTM Engineering, we see these figures as an opportunity to reflect and continue building an inclusive workplace. We are committed to:

  • Encouraging more women to join the electrical engineering sector through outreach programmes, mentorships, and partnerships with educational institutions.

  • Supporting female employees in advancing their careers with development opportunities, training, and leadership initiatives.

  • Regularly reviewing our pay and reward structures to ensure fairness and equity.

 

While challenges remain, we are determined to make tangible progress in narrowing the gender pay gap and improving diversity. We will continue to provide annual updates on our progress and hold ourselves accountable to building an equitable workforce where everyone can thrive.

 

Thank you for taking the time to review our Gender Pay Gap Report for 2024. We are committed to transparency, action, and meaningful change.

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