Just Group plc | Annual Report and Accounts 2024
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DIRECTORS’ REMUNERATION REPORT continued
The table below shows the total pay and benefits and the salary component of this for the employees who sit at each of the three quartiles in 2024.
Salary component of total pay
£000
Total pay and benefits
25th percentile 50th percentile 75th percentile
40 64
32 49 85
112
Group Chief Executive 684 The Group Chief Executive Officer was paid 60 times the median employee in 2024. The Remuneration Committee is confident that this is consistent with the pay, reward and progression policies for the Company’s UK employees. The base salary and total remuneration for the CEO and the median representative employee are competitively positioned within the relevant markets and reflect our remuneration structures which are effective in appropriately incentivising and rewarding employees for both what they achieve, as well as how they do so, while having due regard to our risk appetite. Just provides competitive reward and benefit packages to all employees ensuring pay is at or above the real living wage, while allowing for full participation in the pension arrangements. 3,842 We have a career progression framework for our operations teams providing incremental salary increases as they develop in role and gain new skills. Annual benchmarking is conducted for all roles and corrective action taken where an individual is remunerated below the target level. Our competitive pension scheme provides for employer contributions of up to 10%. We have a comprehensive benefits package allowing employees to select benefits of value to them and employees are invited to participate in the annual SAYE offering. The Committee will continue to monitor the CEO pay ratio and gender pay gap statistics as part of its overview of all employee pay. PERCENTAGE ANNUAL CHANGE IN REMUNERATION OF DIRECTORS AND EMPLOYEES OF JUST GROUP PLC (UNAUDITED) The table below shows the percentage change in salary, taxable benefits and STIP in respect of each Director earned between 2020 and 2024, compared to that for the average employee of the Group (on a per capita (FTE) basis).
Percentage change between 2023 and 2024
Percentage change between 2022 and 2023
Percentage change between 2021 and 2022
Percentage change between 2020 and 2021
Percentage change between 2019 and 2020
Base salary Benefits
Annual bonus
Base salary Benefits
Annual bonus
Base salary Benefits
Annual bonus
Base salary Benefits
Annual bonus
Base salary Benefits
Annual bonus
Average employee 1 Executive Directors David Richardson Mark Godson/Andy Parsons 2
8.4% 9.3% 10.8% 9.5% 5.9% 24.3% 5.9% 1.1% -2.8% 2.5% 2.2% -7.4% 4.6% 4.8% 0.5%
8.7% 7.1% 11.2% 3.9% 3.0% 24.1% 1.5% 1.2% -4.4% 1.0% -2.0% -6.0% 8.9% 2.7% 11.9%
(8.5)% (5.7)% (8.5)% 3.9% 2.7% 24.1% 1.5% 1.0% -4.4% 0.0% -51.0% 0.0% n/a n/a n/a
Non-Executive Directors Jim Brown
6.7% 100% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 13.5% n/a n/a 25.0% n/a n/a 0.0% n/a n/a n/a n/a n/a n/a n/a n/a 11.5% n/a n/a 0.0% n/a n/a 0.0% n/a n/a n/a n/a n/a n/a n/a n/a 5.3% n/a n/a 0.0% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 25.3% -100% n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 5.0% n/a n/a 0.0% n/a n/a 0.0% n/a n/a n/a n/a n/a n/a n/a n/a
Michelle Cracknell 3 John Hastings-Bass 3
Mary Kerrigan Mary Phibbs Kalpana Shah 3
1 All permanent employees (excluding the Executive Directors) of the Group in the UK who were in employment during 2020 and 2023 were selected as the most relevant comparator. This was chosen as the listed Company has no employees. 2 The figures are calculated using remuneration for Mark Godson from 2024 and Andy Parsons for 2020-2023. 3 The figures in the table have been adjusted to include a full year’s remuneration for Directors that are appointed part way through a year.
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