Draft regulations have now been published setting out the government’s plan to require large businesses to report their gender pay gap from April 2016.
The impetus for the proposals lies in a widely-held belief that UK businesses have failed to create an environment that can support women in the long term and help eliminate a gender pay gap. While the scale of the issue will not be known until the government reports on the effectiveness of the new scheme next year, latest figures show that women in the UK still earn 20% less than men.
Under the new rules, businesses with more than 250 employees are required to publish and reveal their pay gap information report every year and keeping this report for three years. Employers will also be required to submit their findings directly to the government.
So, we now have a clearer indication of what kind of information will be required. If you want to get ahead of the game, why not speak to our HR Projects Team to find out how they can help.
