More than 35 years after the United Kingdom’s Equal Pay Act was introduced, the Office for National Statistics released a report that found on average women earn around 19.2% less than men in the UK.
In an attempt to tackle this issue, the UK Government has published the Equality Act 2010 (Gender Pay Gap Information) Regulations 2016 (the Regulations) which will compel all employers with 250 or more employees in the UK to publish details of their gender pay gap.
The Regulations (currently in draft form) are due to come into force on 1 October 2016; however, the required information must be published within a year of 30 April 2017 i.e. by the end of April 2018.
Whilst April 2018 may seem a long time off, the Regulations will effectively require employers to take a snapshot of the gender pay gap on 30 April 2017 and bonus pay details for the 12 months preceding 30 April 2017 i.e. 1 May 2016 to 30 April 2017. This provides a window for employers to address gender pay gap issues during pay reviews in 2016 and take into account gender pay gap when awarding bonuses in 2016/17.
Download our gender pay gap reporting guide
To help you and your business prepare for the changes, we have created a gender pay gap reporting guide.
Gender pay gap webinar
Our 60 minute practical webinar will take you through the key requirements for gender pay gap reporting, the implications for your business and how DWF can help you prepare.
To listen to our webinar please register here »
For more information
If you would like to discuss any aspect of these changes and the impact upon your business in more detail, or if you would like information on how DWF can support your business in the auditing and report process please get in touch