Our people are at the heart of our success, as such we recognise the critical importance of providing a range of well- paid skilled jobs and creating a great place to work.
We are proud to be an accredited London Living Wage employer, with the median pay at LondonEnergy standing at £47,088. The ratio between our highest paid executive and our entry level employees is 1:7.
This year we awarded a CPI plus 0.25% pay uplift to all our employees. This equated to a 10.65% award. The uplift was made under a 5 year pay deal of which this was the second year. The long term deal gives certainty and clarity to our employees as the company’s operations transition to new facilities at the Edmonton EcoPark.
Today on average the mean pay for women is higher throughout the company, with women earning £1.28 for every £1 that men earn when comparing median hourly pay.
The median gender pay gap is the midpoint in men’s and women’s hourly earnings. The median pay at LondonEnergy is 1.6% in favour of women.
The percentage in each pay quartile by gender is:
Our board consists of Non- Executive Directors and some of the LondonEnergy Executive team.
The remuneration for the chair is £35,919.13 per year. The remuneration for non-executive directors is £16,025.78 per year. The exception for non-executive directors is for officers already employed by north London boroughs on a full time salary, who do not gain added income for this role (currently Ian Williams, Doug Wilkinson and Martin Capstick).
The pay of our highest paid Director is £* 245,317.78 and the average pay of our Executive Team ( consisting of 2 board and 3 non-board directors) is £ 171,076.602.*
*pay includes salary, all bonus payments, and pension contributions and is correct as of April 2023 when bonus payments are made.
