Since April 2017, gender pay reporting legislation requires any employer with a headcount of 250 or more employees to publish and report specific figures about their gender pay gap based on the snapshot date of 5th April each year in order to comply with the regulations.
The gender pay gap shows the difference between the average earnings of all male and female employees, irrespective of their role or seniority. This is expressed as a percentage of men’s earnings e.g. women earn 15% less than men. Used to its full potential, gender pay gap reporting is a valuable tool for assessing levels of equality in the workplace, female and male participation, and how effectively talent is being maximised.