Equal Pay Policy

1. ComponentSource is committed to the principle of equal pay for men and women. In this context ‘pay’ includes not only remuneration but also other benefits of the employment such as promotion and training opportunities and access to facilities provided within the employment package from time to time.
2. ComponentSource is committed to introducing and maintaining pay systems, which are transparent, based on objective criteria and free from sex bias.
3. Men and women employed by ComponentSource are entitled to equal pay if they are undertaking work which is substantially similar or is of equal value to the Group unless there are specific and clear reasons unconnected with their sex which explain and justify any differential in pay. In some cases individuals carrying out similar work may receive different salaries because of seniority, incremental points, qualifications and other such factors.
4. Employees should raise any query or grievance concerning their pay and its evaluation with their Manager in the first instance.
5. ComponentSource’s pay policies and practices are considered on a regular basis and particular attention will be paid to employees who may be in non-standard employment, in jobs where one or other gender predominates or who are absent on pregnancy and maternity leave.

CSEPP 11/2024