Gender Pay Gap – What you need to know

Posted by Baldwins Accountants

With the current focus on the Gender pay gap and the date for submission only a few months away, are you ready?

The Government are taking action, gender pay reporting legislation requires employers with 250 or more employees to publish statutory calculations every year showing how large the pay gap is between their male and female employees.

Key things for employers need to know
Employers must publish their gender pay gap data and a written statement on their public-facing website and report their data to government online – using the gender pay gap reporting service – www.gov.uk/report-gender-pay-gap-data

The figures must be calculated using a specific reference date – this is called the ‘snapshot date’. The snapshot date each year is:

  • 31 March for public sector organisations
  • 5 April for businesses and charities

Organisations must publish within a year of the snapshot date. For example, businesses and charities must publish by 4 April each year. Public sector organisations must publish by 30 March each year.

Employers need to remember that gender pay gap reporting is now an annual requirement and progress on closing the gap will be expected every year. Whilst there is no financial penalty for not publishing, the EHRC (Equality and Human Rights Commission) will be able to issue court orders to those employers who do not report on time and not publishing will be considered unlawful. The media is likely to take a close interest in any company who misses the deadline.

Don’t act too late, ensure your business isn’t at risk.

More information can be found at https://www.gov.uk

 

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