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Have you reported your gender pay gap yet?

Employment Law

If your business has 250 or more employees, you will almost certainly need to comply with the relatively new obligation to report your annual gender pay gap. Currently, you have until 4 April 2019 to submit your latest figures and publish them on your website.

What have we learned so far?

Last year’s figures suggested an overall median gender pay gap of 9.7% in favour of male workers. Admittedly, only about 10% of employers have reported their figures so far this year. However, a recent article published by the BBC suggested a mixed bag in terms of evidence suggesting any closing of the gap. Within the 1,146 companies who have so far submitted their ‘stats’, the median gender pay gap this year is currently 8.4%. So on the plus side, this is an improvement on last year’s median figure. However, the bad news is that 40% of companies have reported a pay gap wider than last year. All in all, not so encouraging. Let’s hope things improve as more and more companies publish their data.

Need a hand?

If you need any assistance with reporting your gender pay gap data, please get in touch. Furthermore, even if you don’t currently have to publicly report your pay gap, there could be good reasons why you might want to measure it anyway. It might help you to identify and address anomalies in the distribution of workers across your business and the way in which men and women are paid. Again, if you would like to discuss this further, we’d be very keen to hear from you.

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