Electrolux PLC Gender Pay Gap Report 2024

Electrolux PLC Gender Pay Gap report 2024

At Electrolux our purpose is to shape living for the better. Innovation and Sustainability are at the heart of what we do to create better experiences for our customers, partners and employees.

Electrolux is a leading global appliance company. The headquarters are located in Stockholm, Sweden and the Electrolux share is listed on the exchange Nasdaq Stockholm. Through our brands, including Electrolux, AEG, Anova, Frigidaire, Westinghouse. We sell more than 60 million household and professional products in more than 150 markets every year.

The 2024 Gender Pay Gap for UK Electrolux Plc is currently 18.1% (mean) and 12.7% (median). When compared to our 2023 Gender Pay Gap, mean has reduced from 24.6% and median, more significantly has dropped from 31.8%.

Overall, our UK business is fairly gender balanced, 47% of our population are female. However as can be seen from the quartile data below, female representation reduces as roles become more senior. This is what is driving our gender pay gaps.

Also, our UK population for the purposes of the regulations includes a significant group of international employees that work at Electrolux Group level and not in the UK business. These are employed in Senior roles and may also receive an additional bonus. This group is predominately male and when excluded from the calculations, our gender pay gap reduces to 11.5% (mean) and our bonus gap more significantly dropped to 11.3% (mean).

However, we recognise that we still have a gap in our UK business and work to do to close it.

Our success is driven by our ability to inspire and contribute to change, and to always improve. We recognise that having a more diverse workforce will enhance our business for our employees and our customers. We are committed to attracting, recruiting, developing, and retaining excellent talents with diverse backgrounds and close our pay gap.

 

Key data 2024

	Percentage
Mean Pay Gap	18.1%
Median Pay Gap	12.7%
Mean Bonus Pay Gap	35.1%
Median Bonus Pay Gap	14.9%
Proportion of male employees who recieved a bonus	92.4%
Proportion of female employees who recieved a bonus	81.1%

 

Quartile	Male	Female
Lower	46.3%	53.8%
Lower Middle	45.0%	55.0%
Upper Middle	55.0%	45.0%
Upper	65.0%	35.0%

Gender pay gap

• The gender pay gap shows the difference in average pay between women and men. It does not measure equal pay, which relates to what women and men are paid for the same or similar jobs or work of equal value.

Mean and median gender pay gap

• The mean gender pay gap is the difference in average hourly rates of pay for all men and all women, expressed as a percentage of the average hourly rate for men.
• The median gender pay gap shows the difference between the median (middle) value of hourly pay rates (when ordered from lowest to highest) for all men in an organisation, and all women, expressed as a percentage of the median hourly rate for men. This is the widely used government measure.

Mean and median bonus pay gap

• The mean gender bonus gap is the difference between the average bonuses received by men and by women, expressed as a percentage of the average bonus for men.
• The median gender bonus gap is the difference between the median (middle) value of bonuses (when ordered from lowest to highest) received by men and by women, expressed as a percentage of the average bonus for men.

 

Gender Pay Gap Historical Reporting 2021-2024

 

“As Company Secretary and Country People Manager UK&IE for Electrolux PLC, we are authorised to confirm that the information published in this report, in accordance with regulation 2 of The Equality Act 2010 (Gender Pay Gap Information) Regulations 2017, is correct.”

                                                                              

Lauren Heuer                                                           

Company Secretary                                                 

Electrolux PLC   

   

Michelle Offley

Country People Manager

Electrolux PLC