IDEXX Laboratories Limited ("IDEXX UK") 2021 Gender Pay Gap Report

Introduction

IDEXX Laboratories, Inc. is a member of the S&P 500® Index and is a leader in pet healthcare innovation, offering diagnostic and software products and services that deliver solutions and insights to practicing veterinarians around the world. IDEXX products enhance the ability of veterinarians to provide advanced medical care, improve staff efficiency and build more economically successful and effective practices. IDEXX is also a worldwide leader in providing diagnostic tests and information for livestock and poultry and tests for the quality and safety of water and milk and point-of-care and laboratory diagnostics for human medicine. IDEXX employs over 10,000 people and offers products to customers in over 175 countries. For more information about IDEXX, visit www.idexx.com.

Through diversity, equity, and inclusion efforts, we seek to ensure our global workplaces are dynamic, supportive of all our employees, and representative of our customers and communities. Diversity, equity, and inclusion among our employees helps drive both innovation and a better understanding of our increasingly global customer base.

IDEXX is an equal opportunity employer and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool.

IDEXX has one subsidiary in the UK that meets the government reporting requirements of the gender pay gap regulations under the Equality Act 2010:  IDEXX Laboratories Limited (“IDEXX UK”), which is based in Wetherby, West Yorkshire.  This report reflects data from IDEXX UK only and the data is as of April 2021.  

Pay Equity

IDEXX has numerous processes and practices in place globally that are designed to promote fair and consistent compensation and are administered in a manner to support pay equity. Our global pay processes and practices are intended to prevent identified, unexplained pay disparities based on gender for our global employees and we are confident that they are effective in doing so.

Gender Pay Gap versus Equal Pay

At IDEXX, our pay practices are fair and objective.  UK legislation requires us to calculate our gender pay gap, which is an organization-wide measurement of the average pay of women compared to the average pay of men.  The existence and size of any gap will therefore depend on the distribution of men and women throughout the company and the types of roles they occupy.

IDEXX UK Gender Pay Report

Our Gender Statistics

Below, we provide the IDEXX UK mean and median pay and bonus gaps, the distribution of men and women across the four quartiles and the proportion of men and women who receive a bonus in accordance with the requirements of the gender pay gap regulations.

At the snapshot date the IDEXX UK workforce was comprised of 31.0% of men and 69.0% of women.

Basic Pay Gap

The mean hourly pay for women is 14.0% lower than for men while the median hourly pay for women is 7.1% lower.

Workforce Proportions by Pay Quartile

Graphic illustrating workforce proportions by pay quartile by gender

This illustrates the gender distribution of the 316 employees across four equally sized quartiles. The distribution of men and women is 30.4% men and 69.6% women for the lower quartile, 24.1% men and 75.9% women for the lower middle quartile, 27.8% men and 72.2% women for the upper middle quartile and 41.8% men and 58.2% women for the upper quartile.

Bonus Pay Gap

The Bonus Pay Gap reflects a calculation of the bonus payments for a full year and commissions and equity awards are included as “bonuses.”   The Mean Bonus Pay for women is 36.1% lower than for men, while the median bonus pay for women is 14.0% lower.

Workforce Proportions Receiving Bonuses

During the reporting period, bonuses were received by 93.9% of men and 88.8% of women. Employees who have joined IDEXX in Q4 of 2020 or Q1 of 2021 will not have received a bonus during the reporting period, in line with our eligibility rules. Of the employees hired during this time frame, 75.9% were female and 24.1% were male. 

Martin Sutherland
Country Manager UK & Ireland,
Companion Animal Group

David Fox
Northern European Region Manager
Reference Laboratories

We confirm that the information is accurate and has been calculated in line with the Equality Act 2010 (Gender Pay Gap Information Regulations 2017).