Tackling Diversity

  26 APRIL, 2018
Tackling Diversity

Novus is committed to being an employer of choice. To us this means being a company that is recognised for attracting and employing the best, developing and realising the potential of its people.

We have already been recognised as a leading employer by Construction News, winning both Employer of the Year and Apprentice of the Year awards, in the five years since the Novus brand was established.

We are fully committed to remaining at the leading edge. This means focusing on building a more diverse workforce with opportunities for personal development and professional fulfilment for all.

Understanding our pay gap

  • Women’s hourly rate is 25.9% lower (mean) and 25.4% lower (median).
  • Top salary quartile has 93.3% men and 6.7% women
  • Upper middle salary quartile has 94.8% men and 5.2% women
  • Lower middle salary quartile has 90.3% men and 9.7% women
  • Lower salary quartile has 57.1% men and 42.9% women
  • Women’s bonus pay is 87.2% lower (mean) and 26.4% lower (median)
  • 56.8% of men and 53.5% of women received bonus pay

Construction, as an industry, has long suffered from a lack of women joining its professions. We are actively engaged in several initiatives through Business in the Community and Women in Construction where we work alongside our peers to help develop attraction strategies to encourage more women to pursue a career in the sector. 

We see a need for Government to help improve funding and resources to help encourage young women to pursue qualifications for construction while at school, tackling the issue at its source.

We are committed to finding the best person for every role, irrespective of their gender, but are working hard to ensure our business represents an attractive career option for everyone, to increase the number of female applicants we receive.

Our pay gap is a result of a significant majority of our workforce being men, both at an operational level and in management. Women currently represent approximately 15% of our total workforce.

Although outside the scope of reporting regulations because of its size, JSSH Limited, the Novus holding company, is proud to have an equal representation of men and women on its board. Whilst this is not yet reflected within Novus, our Board of Directors are passionate about achieving greater diversity at the senior management level. Putting the business on the path towards achieving and sustaining a diverse workforce at all levels is an important part of Novus’ long-term goals.  

Closing the gap

We are determined to close our gender pay gap but recognise that this will require a long-term strategic approach. Our Board is developing an action plan in response to the Gender Pay Gap report, which we will announce to our teams later this year.

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NEW REPORT: NOVUS ARE AMONGST THE FASTEST PAYERS

Every year, the Government publish figures on the promptness of businesses in paying their suppliers. Having submitted numbers for 2019/2020, Novus ranks amongst the quickest to pay supplier invoices in the industry. Average time taken to pay invoices This is the average elapsed time taken for a business in receipt of goods or services to pay the supplier. Published on 29th July 2020, Novus achieved an average payment time of 33 days against all of its invoices; a number that places the building contractor inside the top 3 organisations of all its major competitors (total 11 compared). In addition, this eclipses the “43 day average” for contractors to pay their suppliers Construction News reported in 2019. The article also indicated the average proportion of invoices not paid to the terms originally set out is 28 per cent, compared to 9% this year for Novus. The importance of quick payments As a company, Novus strives to build strong and trustworthy partnerships with their suppliers, maintaining an open dialogue with its supply chain, and of the belief that quick payments are reflective of mutual respect. The importance of quick payments goes almost without saying in the current climate. The backdrop of Covid-19 Late payment of invoices is a problem for most suppliers of goods and services in any industry, and in a challenging economy, the issue is only heightened. Subsequently, it will probably come as no surprise that late payments and bad debts are the main causes of insolvency in construction companies, contributing almost a quarter of all insolvencies. Publicly available information For further information about average payment times, visit the Government website, specifically the “Check when large businesses pay their suppliers” page. From here you can check the average time it takes for a large business to pay its suppliers and the proportion of payments that it doesn’t pay on time. Specific information about Novus can be found here.

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