Gender Pay Gap Reporting

New regulations came into force on 6th April that require larger companies in Britain to publish their gender pay gap figures for the first time. Closing the Gender Pay Gap Voluntary, private and public sector employers with 250 or more employees will be required to publish their figures by April 2018. The regulations will apparently cover approximately 9,000 employers with over 15 million employees, representing nearly half of the UK’s workforce. According to the Government, the new measure is a key part of its work to eliminate the gender pay gap, which currently sits at 18.1%, and will help employers to identify the gaps in their organisations and take action to close their gender pay gap. Requirements of the Regulations As part of the new regulations, employers will be required to: Publish their median gender pay gap figures. By identifying the wage of the middle earner, the median is the best representation of the ‘typical’ gender difference. Employers will be asked to use

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