1412019 ANNUAL AND CORPORATE RESPONSIBILITY REPORT
CHAPTER 5 Appendices
The salary gap, defined in its simplest form, is the difference between the ave- rage salary of men and women, expressed as a percentage of the male salary. This gross salary gap requires an analysis of the objective factors that are intervening in these differences, such as the pro- fessional group, educational level, age, seniority, etc., so that once the effects generated by the differences in the cha-
racteristics of the jobs and the profiles of the professionals of both groups are isolated, we can arrive at the adjusted salary gap.
Spanish legislation does not establish a methodology for calculating the adjusted salary gap, which has led Cepsa to fo- llow a methodology contrasted with other companies and validated by KPMG.
SALARY GAP
PROFESSIONAL GROUP
CALCULATION OF THE GROSS SALARY GAP
CALCULATION OF THE ADJUSTED SALARY GAP
Due to the need to reach 95% of the total workforce, the group considered is that of professionals registered at 31 December 2019 in a Cepsa Group company in Spain, Portugal and Colombia, including those who are temporarily expatriated but who have a suspended employment relation- ship with one of these companies.
This means in 2019 a group under ana- lysis for Spain, Portugal and Colombia of 8,818, 603 and 207 employees respec- tively.
The differences in the workforce with res- pect to the table "Employees at Decem- ber 31 by age group, gender and profes- sional category" are due to the fact that the remuneration of the expatriate group has been taken into account within the country of origin so as not to distort the local data; additionally, for the gap analy- sis the group of Partial Retirees has been considered that is not included in the va- lues presented in the table "Employees at December 31 by age group, gender and professional category".
For the calculation of the Gross Salary Gap, the statistical average of men's and women's pay has been used.
The result of the gross salary gap for the Cepsa Group in Spain is, depending on the remuneration considered, as follows:
Gross salary gap on Fixed remunera- tion = 25.28%
Gross salary gap on total remunera- tion (fixed + variable) = 29.01%
For Cepsa Group in Portugal:
Gross salary gap on Fixed remunera- tion = 23.13%
Gross salary gap on total remunera- tion (fixed + variable) = 25.63%
For Cepsa Group in Colombia:
Gross salary gap on Fixed remunera- tion = 10.95%
Gross salary gap on total remunera- tion (fixed + variable) = 12.52%
This calculation has been carried out using a Multiple Linear Regression Model, which has allowed us to know the impact of certain variables on employee salaries. In order to consider these variables, statis- tically reliable ones have been taken into account due to their correlation coeffi- cients with total remuneration, resulting in the following: the level of classification of the position, the applicable collective agreement, the guarantees of the agree-
ment, seniority, age, company and gender, the latter being the variable to be mea- sured.
The result obtained is that the adjusted salary gap for the group analysed and using total remuneration as a reference is 2.80% for the Cepsa Group in Spain, 0.60% for the Cepsa Group in Portugal and 1.59% in Colombia.
