Gender-pay-gap..

Following on from our January newsletter the draft regulations have now been published. Here is a quick overview of what it will mean for employers:

– Any company with more than 250 employees will have to publish its mean and median gender pay gap, or, if there isn’t one, state that there is no gap.

– On 30 April 2017, employers should take a snapshot of their workforce earnings and use this data to calculate the gap.- This data should then be published on the employer’s website with a statement stating the data is accurate.

– Any bonuses paid to employees should also be calculated for a gap but this should draw from data over the last 12 months not just 30 April.

– The number of male and female employees who receive a bonus should also be published.

– Employers will also have to divide their pay distribution into four bands and work out the number of men and women in each band.

For advice on this issue please contact us. There is also a public consultation about the regulations for any interested employers.