Details For Gender Pay Gap Reporting Revealed
By April 2018, businesses with more than 250 staff will be required to publish data relating to how they pay their male and female workers
The government has released a set guidelines related to its gender pay gap legislation, which will be implemented in April 2018.
Under the legislation, employers of more than 250 staff will be required by law to publish data relating to how they pay their male and female workers.
Just last Saturday, further details of upcoming changes were announced and it’s now revealed that large business owners will have to publish the:
- Gender pay gap (mean and median averages)
- Gender bonus gap (mean and median averages)
- Proportion of men and women receiving bonuses
- Proportion of men and women in each quartile of the organisation’s pay structure
Just last November, a report released to coincide with Equal Pay Day revealed that UK female employees are paid, on average, 13.9% less than their male counterparts, with this figure standing at 9% in the tech sector.
Wondering how you can prepare your business for mandatory reporting? Read this guide here and ensure you’re ready for April 2018.