Gender Pay Gap Reporting: What You Need to Know

UK organisations need to prepare for compliance with the new regulations on gender pay differences. It may seem a daunting task but Elizabeth Lang, Partner at international law firm Bird & Bird, is here to help.

Here are some of the key points:

Who Does it Affect?
The legislation affects all UK employers (including charities) with 250 or more employees as at 30 April 2017 and each subsequent anniversary.

Reporting Requirements

The draft regulations require employers to report their employee gender pay gap by making five different calculations on an annual basis.

Determining Pay

In order to find the hourly rate of pay used for the first three calculations, each employee’s pay will have to be calculated individually.

What is Bonus Pay?

For bonus pay calculations you must look at data from the full year as of 30 April 2016, which means figures must be collected from April this year!

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