CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield UK Announces Further Declines in Gender and Ethnicity Pay Gaps

04/04/2022
  • Mean gender pay gap reduced to 29.2% in 2021 from 30.9% in 2020 
  • Mean ethnicity pay gap reduced to 26.9% in 2021 from 29.4% in 2020 

London, 04 April 2022 – Cushman & Wakefield has further reduced its mean UK gender pay gap to 29.2% in 2021, as the firm continues to progress its commitment to supporting a diverse and inclusive workplace. 

The firm’s gender pay gap declined from 30.9% in 2020, having been 31.1% in 2019 and 35.8% in 2018. Its median pay gap has followed the same trajectory, dropping to 27.9% in 2021 from 28.7% the previous year.    

George Roberts, Head of UK & Ireland at Cushman & Wakefield, said: “It is pleasing that the deliberate actions we have taken are continuing to close the gap, although we are under no illusion that there is still a lot more work to be done to improve diversity in all its forms across our business. We will continue to progress against the targets we have set ourselves in our DEI strategy which illustrate our commitment to fostering inclusion and welcoming individuals from all backgrounds into Cushman & Wakefield.” 

As in previous years, Cushman & Wakefield has gone beyond the Government’s minimum legal requirement for gender pay gap reporting and has voluntarily included the full population of the firm to ensure that its gender pay gap shows a total and transparent picture of the overall gap. This includes its International Partners, senior leaders who, as part of an LLP, are exempt from the government requirements as they do not receive a direct salary.  

Additionally, Cushman & Wakefield reported its mean ethnicity pay gap reduced to 26.9% in 2021 from 29.4% in 2020. Cushman & Wakefield voluntarily published its first ethnicity pay gap in 2019, recognising that the real estate industry has work to do to improve ethnic diversity.    

Roberts said: “Ethnicity plays such an important role in diversity which is why we began publishing our ethnicity pay gap as a benchmark for improvement. We are confident that the meaningful measures we have outlined in our DEI strategy are helping to tackle structural imbalances and bring about positive change. As long as any gap exists, we will be fully focused on reducing it.” 

Cushman & Wakefield was named one of the World’s Top Female Friendly Companies by Forbes last year and was included in the 2022 Bloomberg Gender-Equality Index (GEI), a modified market capitalisation-weighted index that aims to track the performance of public companies committed to transparency in gender-data reporting. 

The firm also continued its commitment to inclusion with the appointment last month of Shauna Thompson as Director of Inclusion and Belonging, reporting to the firm’s Chief Diversity, Equity & Inclusion Officer Nadine Augusta

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

MEDIA CONTACT

Richard Coleman, Head of Communications EMEA
Richard Coleman

Head of EMEA Communications • London

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS