OVERVIEW
All organisations with 250+ employees are required to report the overall gender pay gap between men and women from April 2017. The report will need to be completed annually and results published on both the organisation’s website and a dedicated Government website, which means that the information is accessible to all.
DIFFERENCE BETWEEN EQUAL PAY AND GENDER PAY GAP
Equal Pay deals with pay differences between men and women who carry out work for equal value. The Gender Pay Gap shows the difference in the average pay between men and women.
IF I DON’T NEED TO REPORT UNTIL APRIL 2018, WHY LOOK AT THIS NOW?
Proactive, employee centric businesses will want to be review this topic and communicate with their employees. Gender Pay Gap Reporting is topical at the moment and as we move through 2017 employees and customers are likely to become interested in this information.
Customers and Employees may both wonder why businesses would delay reporting and not be proactive in providing the information and addressing any concerns the data might raise.
HOW CAN HR SERVICE SOLUTIONS HELP?
HR Service Solutions can prepare a tailored report for organised based on a snapshot of payroll data that is tailored to the organisations culture whilst being compliant with the requirements of the legislation.
What Do Companies Need to Report?
•Their Mean Gender Pay
•Their Median Gender Pay
•Their Mean Bonus Gender Pay
•Their Median Bonus Gender Pay
•Their Proportion of Males receiving a Bonus Payment
•Their Proportion of Females receiving a Bonus Payment
•Their Proportion of Males and Females in Each Quartile Band
•A Written Statement , Authorised by an Appropriate Senior Person , which Confirms Accuracy of Calculations
When Do Companies Need To Report By?
•Within one year of the first snapshot being required in April 2017 – therefore by April 2018
Where Does the Information Need to be Reported?
•On the Employers Website and on A Designated Government Website
