OVERVIEW
As Ireland’s largest nationwide insurance brokerage with over 16 locations, Arachas is dedicated to a respectful, inclusive, and fair work environment. Arachas follows an equal pay ethos, ensuring men and women with equivalent roles and experience receive equal pay, regardless of gender, race, or belief. Despite a traditionally male-dominated insurance industry, Arachas upholds a strict equal opportunity policy, appointing the best candidates for roles, be they male or female and the company is pleased to report improvements in Gender Pay Gap as outlined below.
In line with the Gender Pay Gap Information Act 2021, Arachas is publishing a Gender Pay Report for the third time. This year, the Gender Pay Gap (GPG) at Arachas has narrowed relative to the previous year, with an improvement of 2% in the mean hourly remuneration gap between Males and Females, which is now at 29%. We also see an even more marked improvement in the median hourly remuneration gap between Males and Females, which now stands at 22% showing an improvement of 6%. These are headline data points in the report, which do signify real progress relative to last year.
Several steps to promote gender diversity have been taken over the past year at Arachas, including achieving gender balance on our executive management team, the makeup of which is now 50% female. 2024 also saw the appointment of two new female Directors to its Board, demonstrating the company’s commitment to leading from the top on this matter. Progress on all activities within our action plan is tracked and shared with our employees. As flagged in our 2023 report, we continue to balance progressing our gender pay gap initiatives to effect real change, while managing the integration of acquired businesses into our group.
Arachas has conducted employee engagement surveys for several years, showing high participation and satisfaction. As part of the Ardonagh Group, a top 20 global broker with over 10,000 employees in 250+ locations, Ardonagh has published a Gender Pay Gap report since 2018. The Ardonagh Group is also committed to narrowing the gender pay gap and fostering an inclusive workplace that reflects the diversity of their communities and clients.
At Arachas, we continue to work with our group partners to take learnings from measures which have proven successful in reducing the gender pay gap.