As United States employers see increasing legislative requirements for eliminating the gender pay gap, companies around the world are seeing similar trends coming from their national governments.
On April 6, 2017, the UK’s Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 for private and voluntary-sector employers will come into effect. This rule will require all private and voluntary-sector employers with 250 or more employees to analyze prescribed information relating to their gender pay gap. These organizations will be required to publish the results of this analysis to their websites with a signed statement by a company official. In addition, this report will be uploaded to the Government’s reporting website.
The first required data snapshot date is April 5, 2017, with a requirement to publish the gender pay gap report by April 4, 2018. The data included in the calculation are:
- Base pay
- Leave pay
- Pay for piece work
- Shift premium
- Bonus pay
For a more detailed consideration of the complex analysis and reporting required by this law, please tune in to the DCI Webinar Wednesday on April 5, from 2-2:30 EDT.
By Jana Garman, Senior Consultant at DCI Consulting Group