As Ireland’s largest nationwide insurance brokerage, with over 18 locations across the country, Arachas is committed to providing a respectful, inclusive work environment which is productive, positive, and fair for all employees. Arachas has an equal pay ethos, meaning that men and women performing equivalent work with equivalent experience receive equal pay, regardless of gender, race, belief, or any other factor.
It is important to highlight that the traditional Insurance industry is a male dominated one, across all levels, and is reflected not only in the industry figures but also in our figures below. Arachas has a rigorous equal opportunity policy across all of our business and believes in appointing the best candidate to the role.
In line with the Gender Pay Gap Information Act 2021, Arachas is publishing a Gender Pay Report for the second time. The results this year indicate a Gender Pay Gap, which is reflective of an overall imbalance of women in leadership or highly specialist roles. Arachas has progressed its action plan related to Gender Pay Gap, during 2023 implementing a number of initiatives under the key pillars of our action plan. We are aware that making impactful change in this area will take time. Arachas is tracking progress against our action plan, alongside the Gender Pay Gap reporting, to understand our progress and drive gender diversity across the business and at all levels. As flagged in our 2022 report, we continue to balance progressing our gender pay gap initiatives to make change and also managing the integration of businesses to our group, which were yet to adopt actions and initiatives to reduce the gender pay gap.
For several years now, Arachas has conducted employee engagement surveys, with high participation rates and scores, reflecting that employees like working at Arachas and are highly engaged. Arachas is part of the Ardonagh Group, one of the world’s largest independent insurance distribution platforms and a top 20 global broker, with a combined workforce of over 10,000 colleagues and a network spanning 200+ locations in more than 30 countries. In line with UK legislation, Ardonagh has been publishing a Gender Pay Gap report since 2018 and has put a series of measures in place to narrow the gender pay gap across the Group’s businesses. We continue to work with our group partners to take learnings from measures which have proven successful in reducing the gender pay gap.