A lack of women in senior roles is plaguing the UK’s property agents when it comes to their reporting of gender pay gaps.
The majority of agents have now filed their reports, with pay gaps ranging from 54% for Lambert Smith Hampton to 17.4% for CBRE.
LSH chief executive Ezra Nahome said the necessity to report on gender pay gaps was an important tool in addressing the gender imbalance in the property industry.
“Synonymous with the property industry our workforce is male-dominated,” he said.
“To put this into context, industry-wide just 13% of chartered surveyors are female. While our stats are better than this, it is not good enough as a collective. We all must do more to attract women into property to help accelerate change.”
Scroll down to see the figures
Colliers International suffers most from a lack of women in senior roles, with nine out of ten workers in the top quartile of earners being men.
It is followed by LSH, where just 10.4% of roles in the top quartile are filled by women, and GVA, with 12%.
GVA chief executive Gerry Hughes said: “We are aware of the scale of gender imbalance that exists at senior levels in our company, directly causing a significant gender pay gap.
“Over the last 12 months, we have been working hard to tackle this imbalance at grassroots by taking initiatives to encourage more women into the business at graduate intake level.
“As a result, this year we achieved gender balance at entry level, meaning that we will start to see more and more women coming through the ranks of our business to eventually become our future leaders.”
He added: “Unfortunately, our gender diversity problem is sector-wide. Real estate has traditionally been a male dominated industry, not typically one driven by women.
“Despite the efforts underway to address this, no business or company can fix the problem singlehandedly. We need the whole sector to collaborate.”
BNP PRE has the highest bonus gap among the agents that have reported at 84%.
Some 87% of employees in the top quartile of earners are men at BNP PRE, while 65% of those in the bottom quartile of earners are women.
BNP PRE UK chief executive Andy Martin said: “It is clear that there is work to be done to address this gap and that it will take a collective and sustained effort from everyone to do so.
“We take this issue very seriously and we are committed to making sure that we become more diverse at every level of our business. We believe the future of our business depends on it.”
The firm said it would instruct all its recruitment partners to deliver gender-balanced shortlists for all senior roles and was working hard to make sure it was easier for women to identify internal opportunities .
It will also be encouraging more men in the business to take advantage of shared paternity leave.
Carter Jonas has the “best” bonus pay gap, at 51.2%.
CBRE is currently leading the way with the smallest gender pay gap of “just” 17.3%.
Click here to see all the companies that have filed their figures
■ EDITOR’S COMMENT: Gender pay gap reporting is just the beginning
To send feedback, e-mail Samantha.McClary@egi.co.uk or tweet @Samanthamcclary or @estatesgazette
This article was originally published on 3 April 2018 but has been updated to reflect the fact that more agents have filed their gender pay gap results.
