Two thirds of firms are yet to publish their gender pay gaps
The deadline for gender pay gap reporting has now kicked in, but so far only two-thirds of qualifying firms have published their data.
More than 6,000 companies have yet to disclose the average difference between pay for their male and female employees, despite the government warning that non-compliance with the new reporting regulations will result in legal action by the Equality and Human Rights Commission. Public sector companies were required to file their findings by 30th March 2018, and organisations in the private sector by 4th April 2018. All companies with more than 250 employees were required to report on their pay gap data.
CIPD performance and reward advisor Charles Cotton has stated that the delay in reporting could be down to a desire to do so accurately. He said:
"For most large employers, this is the first time they have done anything like this, and they want to get it right in terms of calculating the various pay gaps correctly, how they communicate the gaps to their employees, customers and investors, and the actions they commit themselves to tackle these gaps.
Hopefully, next year, employers will know what's involved and the process should be a lot quicker."
Less than two weeks on from the reporting deadline, it has now been revealed that eight out of 10 companies and public-sector bodies pay men on average more than women. Well known businesses such as Ryanair, Millwall football club and Boux Avenue were listed in the top 10 reporting companies with the worst median gender pay gaps, at 71.8%, 80% and 75.7% respectively.
With plans to eventually extend mandatory reporting to smaller businesses, you may be understandably concerned as to how to go about gathering data for any Gender Pay reporting in an easy and compliant way.
Cascade HR software can support you in streamlining what can be a difficult and time-consuming process. Our HR system includes two exclusive Gender Pay Gap reports, one within the Payroll module and the other in Core HR.
If you would like any further information as to how we can help you to remain fully compliant with all legislation surrounding the Gender Pay Gap, call our Sales team on 0113 230 8600.