“Inclusion, which drives diversity of thought, is central to innovation, This, in turn, is essential as we deliver extraordinary connections for our customers.” – Keri Gilder, CEO
Diversity, Equity and Inclusion (DEI) is a strategic imperative and part of Colt’s wider Environmental, Social, and Governance (ESG) Strategy, so the release of our 2022 Gender Pay Gap report is an opportunity to reflect on progress and understand the impact of a gender balanced workplace.
The good news is that we’ve reduced the average (mean) pay gap to 9%, down from 13% last year. We know there’s more to do – but we have a clear action plan to achieve change.
In the report you can view all of the detail, but the main story is that we’ve been able to reduce the gap thanks to better female representation overall, especially in the upper quartile of earnings.
We are keenly aware that our senior team must lead by example. Over the past year, we have incorporated inclusive leadership as a key theme in our Stepping into Leadership programme for new managers and our recent Actioning Inclusion internal campaign aimed at bringing inclusion to life for people, especially our managers.
A key part of our strategy is creating an inclusive organisation where everyone feels they can bring their true selves to work. Our employee networks play a really important role in this and go from strength to strength. We also work to support and empower our talented women running development programmes by women for women, such as Embrace your Best and our mentoring circles.
Over the course of 2023, we will continue our focus on embedding inclusion into everything we do, from the way we attract and hire female talent to launching policy improvements and guidance documents to show our commitment to an inclusive environment. We will also continue to collaborate across our ecosystem to drive change. For example, partnering with external networks like TM Forum, Women@Tech and Change the Face, the latter being an alliance that aims to challenge stereotypes across our industry.
We’ve made great progress and we’re really proud of the work we’ve done in the last year, but we know there’s still more to do. You can read more about our activities in the report below.
Rachel Collins is Head of Inclusion and Diversity at Colt