The Gender Pay Gap Snapshot Date Has Arrived
The Gender Pay Gap Information Act 2021 requires employers to publish a report on the wage gaps between males and females employed within their businesses over the previous twelve months.
The gender pay gap is the difference in the average hourly wage of men and women across the workforce.
Employers with 150 or more employees must choose a date in June, known as the “snapshot” date, to base their report on, which will show the gender pay gap in their organisation and should reflect all employees who are employed on this date, whether or not they are at work.
The report will be based on the 12 months preceding the “snapshot” date and must be completed and published on the Organisation’s website before the end of the year.
The Act requires organisations to report on their hourly gender pay gap across a range of metrics.
This report should include;
· the mean and median gap in hourly pay between men and women.
· the mean and median gap in bonus pay between men and women.
· the mean and median gap in hourly pay of part-time male and female employees
In addition, where any pay gaps are identified, employers must set out the reasons for this and the measures (if any) being taken, or proposed to be taken, to eliminate or reduce any such pay gaps.
It is important to note that this reporting requirement will apply to businesses with 50 or more employees as of 2025.
Employers should use this as an opportunity to consider the reasons for any gender pay imbalance and whether changes are required to their policies and practices.
Author:
Managing Director, MSS
