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tifgroup Gender Pay Gap Report 2022


“From 2017 any employer with a headcount of 250 or more on their snapshot date must comply with regulations on gender pay gap reporting. In line with this requirement we have welcomed the opportunity to report our gender pay gap information to the government, and have published statistics and a written statement on our website for the last 4 years. Significant reduction in our staff numbers means we are no longer required to, but may choose to do so voluntarily.


Restrictions on travel due to Covid-19 impacted the purchase of travel insurance policies in the year to April 2022. Consequently a significant proportion of our workforce was furloughed on the snapshot dates to be used to calculate gender pay gap. Under government guidance, it is clear that furloughed employees should be excluded from these calculations.


Given the extensive utilisation of the furlough scheme by our business, any statistics produced on gender pay gap (based on the low numbers of eligible employees) would result in output not representative of our pay structure. For this reason we are electing not to publish gender pay gap information this year, but look forward to demonstrating our commitment to reducing any pay gap next year when we can again include the majority of our staff in the calculations.”