The Equality Act 2010 (Gender Pay Gap Regulations) came into force on the 6thApril 2017. Consequently, there is now a requirement for affected employers to publish six separate pieces of information annually. This will include the overall gender pay gap, highlighting if any, differences between their male and female average hourly rates of pay.
This information must be uploaded to the employer’s website and retained there for at least three years. Similar information must also be uploaded to a designated government website. Separate gender pay gap reporting requirements were also introduced for large public sector employers from the 31st March 2017.
The first gender pay gap reports for large private and voluntary sector employers (UK employers with over 250 employees which equate to 9,000 businesses plus public bodies) must be published by the 4th April 2018. This will give employers an opportunity to address any unsubstantiated differential, as tackling workplace inequality could help 840,000 women achieve their full potential.
These reports will have widespread implications for how companies and organisations are seen by the public, their customers and most importantly their own staff.
To find out more about how we can help with any queries regarding employment law please visit https://www.lambandholmes.com/commercial-law-serveices/employment-law-for-employers or alternatively please contact our Kettering office on 01536 513 195 or our Corby office on 01536 745 168 dependent on your location.