Gender Pay Gap Reporting Statement
Santander Consumer (UK) plc
Santander Consumer (UK) Plc (SCUK), trading as Santander Consumer Finance is part of the Spanish Banco Santander Group. Santander Consumer Finance provides a range of products designed for purchase of personal and business vehicles. Our finance and related products are distributed via a network of dealers and intermediary introducers, and also through partnerships with selected car and motorcycle manufacturers. We are one of the UK’s leading independent finance companies with over half a million live customer agreements.
In addition, we have Joint Venture arrangements with Hyundai Capital and Banque PSA Finance UK providing wholesale finance facilities for both Hyundai and Kia, as well as Peugeot and Citroën dealer networks. Our head office is in Redhill, Surrey and we have a field sales force based across the United Kingdom.
What is the gender pay gap?
The gender pay gap shows the difference in average pay between women and men. This is different to equal pay i.e. women and men receiving the same pay for the same role.
The gender pay gap takes into account all roles at all levels of the organisation, rather than comparing pay received by women and men performing the same roles.
At SCUK, we regularly review and analyse our employee pay to ensure men and women are treated equally when performing the same role. We are confident that SCUK’s gender pay gap is not a pay issue; our approach to pay is gender neutral by design where like work for like pay is measured.
As a motor finance organisation within the financial services sector, like many organisations, SCUK is affected by traditionally male dominated populations in senior positions.
Our gender pay and bonus gap
The pay and bonus gap metrics here are correct as at the mandatory April 2020 snapshot date.
|Average pay gap||31.1%||28.0%|
Proportion of Employees Paid a Bonus
We are committed to creating a diverse and inclusive workplace, and to achieve this we embrace and are aligned to the actions to improve gender diversity by Santander UK which can be found here.
Santander Consumer (UK) plc confirms the published gender pay gap reporting is accurate and signed by the Finance Director, Diane Roberts.