Within the United Kingdom, businesses are required to annually submit their own gender pay gap reports. The purpose of this report is to highlight any potential discrepancies in gender pay across the organisation. If there is, highlight activities that are planned to help close the gaps.
Gender Pay Gap, what is it and who has to report this?
It’s easy to confuse gender pay gap with equal pay, but they are not the same thing. Equal pay compares how much a male worker and a female worker are paid for the same job role. Whereas, the gender pay gap calculates the difference in average pay across all female and male staff within an organisation.
If your company hasn’t done a report and you’re worrying, don’t! In 2017, the Government made it mandatory for all large organisations (companies with more than 250 employees) to report their gender pay gap.
All companies meeting this criteria are given a year from the ‘snapshot’ date (a specific date each year) to publish their gender pay gap information. The snapshot date is 31st March for public sector employers, and 5th April for companies operating in the private or voluntary sectors.
What goes into a Gender Pay Gap report?
Companies are requested to provide the following information based on payroll calculations on the snapshot date:
- Mean gender pay gap for hourly pay
- Median gender pay gap for hourly pay
- Mean bonus gender pay gap
- Median bonus gender pay gap
- Proportion of male and female staff receiving a bonus payment
- Proportion of male and female staff in each hourly quartile band
Failure to report on your gender pay gap data is seen as unlawful. If you don’t report on time with accurate data, the Equality and Human Rights Commission (EHRC) may take enforcement action in the form of court orders and fines.
If you would like to see more regarding the gender pay requirements click here.
Striving for gender equality
Major Recruitment have always been fully committed in creating gender diversity within our business. We are welcome to the opportunity to showcase our gender pay gap figures every year.
Introducing the gender pay gap transparency via this annual report, increases the accountability on organisations and helps push for advances in gender equality in the workplace. At Major, we’re proud of the equality we have created and are happy to showcase our report each year!
Dawn Howe, Head of HR, Major Recruitment
At Major Recruitment, we run an organisation with absolutely no gender bias. We ensure each and every member of the Major Family is rewarded fairly for the work they do. Major’s employees remain our best asset, and we are committed to attracting and retaining the very best talent, whilst ensuring that gender is never a factor in any decisions. It is key to remain inclusive and diverse, to guarantee growth, attract the best in the industry and engage appropriately with out customers. If you would like to see our full Major Recruitment Gender Pay Gap Report for 202/23 simply click the link.