Gender pay gap reporting requirements – are you ready?
The government has published draft legislation on gender pay reporting which will affect businesses with 250 employees or more.
Essentially, the changes mean that businesses with more than 250 employees will be required to publish their gender pay gap information on their website, confirming in a statement the accuracy of such information.
The aim of the new reporting obligation is to encourage employers to address all causes of the gender pay gap and to help achieve diversity, by requiring business to cover difference in pay between men and women, including starting salaries, average basic pay and total average earnings in their annual reports. Some employment businesses and umbrella companies that are caught by this new requirement may need to consider the best way of obtaining the necessary information to be able to prepare the report, especially as they would be obliged to divide their pay distribution into four bands and provide an indication of the number of men and women in each quartile.
Should you require any advice on this area, including what needs to be covered in the gender pay report and any specific deadlines, please contact Lawspeed on 01273 236 236.
Adrian, a highly experienced lawyer, founded Lawspeed in 1997. He is responsible for developing our extensive portfolio of products and services, including the widely used Lawspeed contract templates. Adrian is an expert on “recruitment law” and specialises in contracts, regulatory compliance, employment status and dispute handling. He is chair of the trade body the Association of Recruitment Consultancies, the only lawyer lead recruitment trade body in the UK. Adrian and his co-director Ravi devised Standards in Recruitment as a vehicle for helping drive up standards and compliance in the industry.
Adrian is our lead in discussions with the government over regulatory evolution. Apart from assisting with client support, Adrian’s primary role is research and development into methods of business delivery, our latest service Proterms being his most recent project. Adrian heads our IR35 lawyers team.