What is Gender Pay Gap Reporting?
As from 6 April 2017, employers with 250 or more employees are now required by law to publish certain figures annually to both their own websites and on a government website to show the pay gap between male and female employees.
What to report?
There are six basic calculations that you will need to report:
- Your mean gender pay gap
- Your median gender pay gap
- Your mean bonus gender pay gap
- Your median bonus gender pay gap
- Your proportion of males and females receiving a bonus payment
- Your proportion of males and females in each quartile band
The calculations will be based on your ‘snapshot date’, which will be one of the following:
- 31 March for public sector organisations
- 5 April for businesses and charities
You will also be required to provide a written statement to confirm your calculations and a senior person (i.e. a director or Chief Executive) must sign these. You will also be able to include an explanation in your written statement to state why there is any gender pay gaps and note what you are planning to do to close it.
How often will you need to report?
You will need to publish your report on an annual basis, if you have more than 249 employees. Reports must be submitted each year by 30 March for public sector organisations and 4th April for businesses and charities.
For a more detailed look at Gender Pay Gap Reporting, you can contact your McCabe Ford Williams office.
In addition, HMRC and ACAS offer some detailed guidance, which can be viewed using the following links: