Gender Pay Report
Gender Pay Report for Teva Pharmaceuticals Ireland (Norton (Waterford) Ltd.)
This report relates to Norton (Waterford) Ltd., the registered name for Teva in Ireland, which is comprised of our manufacturing and R&D facilities in Waterford, along with our commercial offices in Swords. Our reference date is 30 June, 2022, at which point our headcount was 705 people, of which 43% were female.
Our mission at Teva Pharmaceuticals Ireland is to be a global leader in generics and biopharmaceuticals, improving the lives of patients across the world. Our specific focus at Waterford is on improving the overall health of those patients who suffer from respiratory diseases such as Asthma and Chronic Obstructive Pulmonary Disease (COPD). To deliver this important mission we rely on the engagement, enablement and development of our employees.
We strive to provide a diverse, inclusive and innovative workplace, where all employees have the opportunity to grow and develop their careers. In support of this, we have policies and programmes focused on diversity & inclusion, social responsibility, wellness and the environment. Gender pay reporting will be an important tool to help monitor our progress in this regard.
What is Gender Pay Reporting?
Gender pay reporting and equal pay are not the same concepts. A gender pay gap is the difference in the average hourly wage of men and women across a workforce. Gender pay reporting requires the documenting of any gender pay gap across a range of metrics, including hourly base pay, bonus pay and benefit in kind.
Equal pay means that people should be paid the same for doing equivalent work, allowing for legitimate differences such as qualifications, experience and tenure. Teva already takes steps to ensure this is the case, including a global grading architecture and structured pay systems as the basis of determining compensation. In addition, annual pay increases and bonus awards are calibrated at each level of the organisation. Protected grounds such as gender, age, ethnicity, etc. are not a factor in these processes.
To learn more about the Gender Pay Gap at Teva Pharmaceuticals Ireland (Norton (Waterford) Ltd.) and the steps being taken to provide a fair and equitable workplace for all, please see the report below.