Many British companies still to report on gender pay gap!
With the gender pay gap reporting deadline now due, nearly two-thirds of companies have still not disclosed the average difference between what they pay male and female employees per hour.
In total, more than 10,000 of the UK’s large firms are expected to report, but just under 4,000 had done so by last week.
Based on the figures so far, three out of four UK companies have a pay gap. This is the second year that companies have had to report. All British firms with 250 or more employees must disclose their pay gaps by 4 April for the private sector, or 30 March for the public sector.
The average pay gap that companies have reported so far is 9.1%, down slightly on last year’s figure, 9.7%. This is based on the difference in hourly pay between men and women. The gender pay gap is not the same as unequal pay. It doesn’t tell whether women are being paid less than men for the same work, which has been against the law since the Equal Pay Act was introduced in 1970.
However, the pay gap does give a measure of the differences in men and women’s working patterns: different occupations, part-time roles being predominantly female – and the lack of women in senior roles.