Gender Pay Ratio
We see a gender pay ratio between 0.85 and 1.53. A gender pay ratio of 0.85 indicates that females are paid less than males and a gender pay ratio of 1.53 indicates that females are paid more than males. If job levels and job content are comparable the gender pay ratio must be found between 0.90 and 1.10. In 2024, we will work on developing comparable job levels to enhance transparency and accuracy of the gender pay ratio analysis. The management in each country relates to their specific result and situation, and initiatives to adjust the gender pay ratio are defined and implemented on both short (2024), middle (2025-2030) and long term (2030-) outlook.
Our targets are the following:
Year
Target
Description
To ensure comparability globally, job levels are defined globally and implemented locally
2024
Define job levels globally
Ensure that gender pay ratios are within target range at all job levels
2025
0.90-1.10
Country
Target
Lithuania
Ukraine
Romania
Vietnam
Mexico
2025- 2030
Maintain that gender pay ratios are within target range at all job levels
Gender pay ratio
0.90-1.10
0.90-1.10
0.88
1.11
0.92
0.85
1.53
We disclose the gender pay ratio per country. From the overview of the characteristics of our employees (see Appendix 3) we see that we are present in several different countries, with very diverse level of salaries.
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