On 6th April 2017, the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 (the Regulations). The Regulations require all organisations with more than 250 employees to publish the pay gaps between male and female employees within the organisation. The figure must show the gap that exists in both salaries and bonuses.
According to pressure groups lobbying the government for equal pay, women will earn significantly less over their lifetime than their male counterparts. The current pay gap between full time workers is 13.9%.
The four main causes of the gender pay gap are:
Using a ‘snapshot’ date of 5th April, employers must collate the salary or wage and bonus information for all their employees over a relevant period.
After the data is collected, the Regulations define six calculations to be carried out:
Companies must publish their first report by 4th April 2018.
The information should be set out on the company’s website and on a specially built government website. The data must remain on the organisation’s website for three years.
Organisations with more than 250 employees are legally required to publish information about the gender pay gap within their business and the Equality and Human Rights Commission can enforce it. There is also a risk of a PR disaster if a business chooses not to publish the information as the public and media are bound to wonder what they are hiding.
To find out more about the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 you can find an employment law solicitor by searching through Solicitors Gury today.