Gender Pay Gap Reporting
The Regulations setting out the requirements for large private
and voluntary sector employers (those with 250 or more employees)
to provide an annual report on the gender pay gap within their
organisation are expected to come into force this April. These
statutory requirements come on the back of a series of initiatives
and consultations on how best to look to bridge the ongoing gap
between the wages of men and women in the workplace. With the most
recent Office for National Statistics figures showing that there
remains a gap of 9.4% for full-time employees.
Employers affected by these changes will be required to publish
figures for the mean and median hourly pay of their female
employees as compared to their male employees. These figures will,
in turn, be required to be broken down into quartiles to illustrate
the extent of the gap at different salary levels in the
organisation.
