With the commencement of the gender pay reporting obligations in April, ACAS have provided helpful a helpful summary (as well as more detailed guidance) on the regulations.
By way of brief reminder, the regulations require that employers with 250 or more employees annually publish calculations that show the gender pay gap between their male and female employees. The calculations that need to be published are:
- Average gender pay gap as a mean average;
- Average gender pay gap as a median average;
- Average bonus gender pay gap as a mean average;
- Average bonus gender pay gap as a median average;
- Proportion of males receiving a bonus payment and proportion of females receiving a bonus payment; and
- Proportion of males and females when divided into four groups ordered from lowest to highest.
These calculations must be published (both on the company website and on a government website) within 12 months of the snapshot date (5 April each year). Companies may include a narrative explaining the calculations. This is an opportunity for companies to set out the challenges that they face, the success they've had, and/or set out their long terms plans to close the gender pay gap.
For further detail please click here to see our previous article on the revised regulations and click here to see the ACAS Guidance.
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