CBRE’s mean UK gender pay gap increased year-on-year to 18.6% as at 5 April 2018, up from 17.4% the previous year.
Its median pay gap also increased, from 12.2% to 15.1%.
Ciaran Bird, divisional president, advisory services, CBRE UK & Ireland, said: “Improving gender balance and diversity at all levels across the sector remains a key priority for us. Our focus on targeted actions around female retention and career progression is having a positive impact. However, we know there is more to be done and meaningful and sustained change will take time.”
Factors impacting the pay gap rise include the payment of several long-term incentive payments following previous mergers and acquisitions.
However, of the UK agents to report so far, CBRE still has the lowest gender pay gap.
Across Savills’ UK businesses, there was a mean gender pay gap of 39% in 2018, down from 45% in 2017. Meanwhile, Cushman & Wakefield’s mean gender pay gap, which now includes salaried and equity partners, remained broadly flat year-on-year at 35.8%.
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