Featurespace is a high growth technology business operating in the fraud and financial crime prevention market. We aim to hire the best person for every role and to pay fair, competitive compensation for each role.
Through balanced and effective recruitment and selection processes, Featurespace makes every effort to encourage women and all diverse groups to apply for roles within the business and retain them once they are part of our team. Operating in the technology sector still means that the mix of applicants massively tends to skew towards men, reflecting the relative proportions of men and women pursuing careers in software development and STEM related roles globally. With a Senior Management Team made up of 37.5% women, Featurespace is passionate and committed to equality, diversity, and inclusion.
At the time of the data being captured (5th April 2022), the makeup of the Featurespace team was 72% men and 28% women. Although we have some employees who identify as Non Binary, when calculating the Gender Pay Gap we are only permitted to report on men and women as the genders. Across the business, 34% of our team members in senior roles are women, demonstrating our commitment to develop and progress women from within our organisation into leadership roles.
When looking at our data in more detail, we can see that within each quartile men and women have almost identical mean hourly pay, with women in the higher quartile actually receiving a higher mean hourly rate. Areas we have identified for improvement includes attracting more women into the highly technical and highly paid roles and developing those skills of more junior level women to progress their careers. We understand that the technology industry still has work to be done to encourage more women to study STEM subjects at school and university. Our recruitment team are committed to attracting more women into these technical roles in several ways; a few examples of which are by creating the Featurespace Employee Value Proposition, social media posts for Women in Tech, inclusive wording in our advertised vacancies and a focus on flexible working and maternity policies. On top of this, we are committed to working with local schools to spark interest in STEM subjects in girls at an early age.
We are extremely proud that our median bonus pay gap is almost at 0, meaning men and women are treated equally. We can also see that slightly more women received a bonus than men. The mean bonus pay gap is quite heavily skewed by our commission scheme as these figures are based on our sales team’s success. At the time of gathering this data, 17 employees were earning commission, and only 3 of these were women. This may explain why the mean bonus for men was higher than women. Without these commission payments, we have a much more even distribution of bonus between men and women at Featurespace.