Benefit in Kind Gap
Benefit In-Kind (BIK) are classified as non-cash benefits excluded under the definition of ‘ordinary pay’ (for example, healthcare allowances and pensions). There is a significant difference between the proportion of men versus women receiving BIK. The results include those who choose not to participant and thus are not receiving BIK. In 2024, 28.9% of women and 43.3% of men received Benefits in Kind (BIK), compared to 2023 when only 6.89% of women and 6.74% of men received BIK. The significant increase in both genders receiving BIK in 2024 can be attributed to the company-wide introduction of healthcare benefits to all employees in November 2023. However, the gap has widened since last year, which can be attributed to the higher percentage of men in the Lower, Middle Lower & Middle Upper pay quartiles. This suggests that while the overall distribution of BIK has improved, there is still a disparity in favor of men receiving these benefits."
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