Reward Strategy

LATEST WEBINARS

SEARCH

Gender pay gap reporting rules come into force

New gender pay reporting regulations are now in force, meaning UK companies with 250 or more employees will now have to publish their gender pay gaps within the next year.

Twitter LinkedIn

Public, private and voluntary sector firms are now all required to disclose average pay for men and women, including any bonuses.

 

Firms are required to publish a snapshot of their employee pay as at 5 April 2017 if they are a private business or charity, or 31 March 2017 if in the public sector.

 

Around half of the UK workforce will be affected by the new reporting rules, covering 9,000 employers and more than 15 million employees.

 

Currently, the UK gender pay gap stands at 18.1% for all workers, or 9.4% for full-time employees.

 

If employers do not comply by the April 2018 deadline, they will be contacted by the Equalities and Human Rights Commission.

 

Companies with significant gender pay gaps will be encouraged to publish an action plan alongside the figures, detailing the steps they plan to take to address the discrepancy.

Twitter LinkedIn
Add New Comment

You might also like

The Reward 100 is evolving to the Reward 300

It’s time for The Reward 100, an index of the industry’s most important influencers and decision-makers, to become The Reward 300 and entries are now open for nominations

What are the real costs of payroll processes?

Tell us about your payroll processes for your chance to win a £200 Amazon voucher and VIP entry to the Reward Strategy conference in spring.

Employers Served Two Orders

Both employers and employees need to be aware of two orders that will amend the Employment Rights Act, and how this could affect them - but questions remain

Introducing The Payroll & Reward Conference

Reward Strategy is pleased to announce its partnership with The Learn Centre for The Payroll and Reward Conference 2018, taking place in London, June 6 to 7 2018

Bacs To The Future

If you’re a payroll professional, you’re probably scratching your head wondering why the rest of the world seems to be riding a technological juggernaut when it comes to payments, but in your work life, it’s more like a horse-drawn cart

UPCOMING EVENT

LATEST NEWS STRAIGHT TO YOUR INBOX

Reward Strategy

Did you find our website useful?

Thank you for your input

Thank you for your feedback

reward-strategy.com - an online news and information service for the UK’s payroll, reward, pensions, benefits and HR sectors. reward-strategy.com is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Reward Strategy is committed to diversity in the workplace.
© Copyright Shard Financial Media Ltd