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Gender Pay Gap Reporting Guidance Published 

Gender pay gap reporting will become a legal requirement for employers with 250 or more employees from 6 April 2017.

Eligible employers will need to publish statutory calculations every 12 months showing the pay gap differences between male and female employees.

4 annual figures must be reported:

  • gender pay gap – mean and median averages
  • gender bonus gap – mean and median averages
  • proportion of men and women receiving bonuses
  • proportion of men and women in each group from lowest to highest pay. 

Employers must then publish the results on their own site and on the government’s website.

Other key points:

  • employers must follow the regulations for any year if they have 250 or more employees on 5 April
  • full time workers are included as well as some self-employed (agency workers are counted by the providing agency) 
  • regulations apply to employers in the private and voluntary sectors
  • reporting must be published online within 12 months
  • employers can provide narrative to explain the challenges, successes and long-term plans of their calculations.

For any help or advice with financial planning talk to RPD

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