Gender pay gap report 2018
KIS Bridge Loans, a financial advice company have taken the opportunity on International women's day 2018 to remind all UK businesses to remember the deadline for reporting gender pay gap.
Did you know that by 4th April 2018 all private or voluntary sector employers with 250 or more relevant employees must publish data to show the size of the pay gap between all their male and female employees. The “snapshot date" for this data is the 5th April each year, meaning that data published this year will relate to April 2017.
You are a "relevant employer" if: you have 250 or more employees that are based in England, Wales or Scotland. The legal entity muster register and report to the Gender Pay Gap Reporting Service.
You are "relevant employee"if you are:
- employed on a employment contract with your organisation
- contracted or agency workers.
- maybe a self-employed worker.
What is the gender pay gap and what is the UK Government doing about it?
advice taken from gov.uk
- The gender pay gap is an equality measure that shows the difference in average earnings between women and men.
- The UK gender pay gap is at its lowest level ever - just over 18 per cent.
- The gender pay gap does not show differences in pay for comparable jobs.
- Unequal pay for men and women has been illegal for 45 years.
Gender Pay Gap could be happening because of a number of reasons
- A higher proportion of women choose occupations that offer less financial reward (e.g. administration).
- Many high paying sectors are disproportionately made up of male workers (e.g. information and communications technology).
- A much higher proportion of women work part-time, and part-time workers earn less than their full-time counterparts on average.
- Women are still less likely to progress up the career ladder into high paying senior roles.
What is Government doing about the Gender Pay Gap?
- Requiring large employers, including the public sector, to publish their gender pay gap and gender bonus gap;
- Offering 30 hours of free childcare for working families with 3 and 4 year-olds; and
- Encouraging girls to consider a wider range of careers, including in those higher paying sectors traditionally dominated by men.
The government has already
- Extended the right to request flexible working to all employees;
- Introduced shared parental leave; and
- Commissioned a review to look at how we can remove the barriers preventing women getting to the top of their careers.
Key points from 2016 report
taken from ONS
For further advice and some fact sheets visit: ACAS