The evolution of gender pay gap reporting - latest insights
It has been seven years since the gender pay gap reporting requirements were introduced and most employers have successfully adapted and consistently meet their reporting obligations.
However, our experience is that many still grapple with intricate aspects of the calculations.
Adding to this complexity, the government has announced that in future employers will need to provide an action plan to close the gender pay gap, alongside new reporting obligations based on ethnicity and disability status.
These new requirements present significant challenges, as most employers currently lack this data, and many employees may be hesitant to disclose additional personal information.
Employee engagement will be key for meeting these new requirements.
In our analaysis Bridging the Gap: The state of the Gender Pay Gap in the UK, we:
- Explore the current statutory requirements for gender pay gap reporting
- Examine the latest market data and trends, and
- Provide insights on how employers can prepare for the forthcoming expansion of pay gap reporting obligations.
We have carried out an analysis of publicly available data from the past seven years for those companies who are required to calculate and disclose certain pay metrics.
In this report, we are pleased to present the findings of our research, which gives insights into how the gender pay gap has evolved over time and the likely causes.
Supplied by REBA Associate Member, Isio
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