Larger Businesses Must Now Publish Gender Pay Gap Figures
UK businesses with more than 250 staff must now publish how much they pay their male and female workers, as new government legislation comes into effect. Its estimated that gender pay gap reporting will affect 9,000 employers with over 15 million employees – with relevant firms required to submit all data by April 2019. 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 and women in each quartile of the pay structure Publish the gender pay gaps for any bonuses paid out during the year It’s hoped that such transparency into how companies pay their male and female workers will help end the gender pay gap – which currently stands at 18.1%. Justine Greening, minister ... »
