41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 233
STRATEGIC REPORT
GOVERNANCE
FINANCIAL STATEMENTS
231
OTHER INFORMATION
Section 6: Key management and employee benefits
The Group’s greatest resource is its staff and it works hard to develop and retain its people. The remuneration
policies in place are aimed to help recognise the contribution that Unite’s people make to the performance of
the Group.
On the following pages you will find disclosures around wages and salaries and share option schemes which
allow employees of the Group to take an equity interest in the Group.
Accounting policies
The Group operates a defined contribution pension scheme. Obligations for contributions to defined contribution
pension plans are recognised as an expense in the income statement as incurred.
6.1 Staff numbers and costs
The average number of persons employed by the Group (including Directors) during the year (calculated on a monthly
basis), analysed by category, was as follows:
Number of employees
Managerial and administrative
Site operatives
2022
2021
569
509
1,206
1,288
1,775
1,797
2022
£m
2021
£m
64.2
62.6
The aggregate payroll costs of these persons were as follows:
Wages and salaries
Social security costs
6.5
6.1
Pension costs
2.7
2.4
Fair value of share-based payments
1.6
2.4
75.0
73.5
The wages and salaries costs include redundancy costs of £0.8 million (2021: £0.5 million).
The total number of persons employed by the Group (including Directors) as at 31 December 2022 was 589 managerial
and administrative and 1,175 site operatives.
6.2 Key management personnel
The remuneration of the Directors, including Non-Executive Directors, who are the key management personnel of the
Group and Company, is set out below in aggregate for each of the applicable categories specified in IAS 24 Related Party
Disclosures. Further information about the remuneration of individual Directors is provided in the audited part of the
Directors’ Remuneration Report on pages 145–163 which covers the requirements of schedule 5 of the relevant legislation.
2022
£m
2021
£m
Short-term employee benefits
2.0
2.3
Post employment benefits
0.1
0.1
–
0.6
2.1
3.0
Share-based payment benefits
