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Gender pay gap reporting now live 19/04/2017 Earlier this month, the UK became one of the first countries to introduce gender pay gap reporting

Gender pay gap reporting now live

Earlier this month, the UK became one of the first countries to introduce gender pay gap reporting, requiring 9,000 employers to publish their gender pay gap.

Voluntary, private and public sector employers with 250 or more employees will be required to publish their figures by April 2018. The regulations will cover approximately 9,000 employers with over 15 million employees, representing nearly half of the UK’s workforce.

The UK gender pay gap is already at a record low of 18.1%. These requirements will help employers to identify the gaps in their organisations and take action to close their gender pay gap.

As part of the new regulations, employers will be required to:

  • Publish their median gender pay gap figures
  • Publish their mean gender pay gap figures
  • Publish the proportion of men & women in each quartile of the pay structure.
  • Publish the gender pay gaps for any bonuses paid out during the year

Employers will also be encouraged to publish an action plan alongside their figures, demonstrating the steps they will take to close the gender pay gap within their organisation.

More details are available here.

 

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