Companies that fail to address pay differences between male and female employees are to be highlighted in new league tables. However female employees will have to wait another two years to find out this information.
The new rule will apply to middle to large sized companies with over 250 employees and will affect around 8,000 employers across the UK.
The firms will need to start calculating the pay gap from April 2017 – 12 months ahead of the first tables being published.
Many are often surprised to learn that in the age of equality, in the UK, women still earn 20 percent less than men.
Under the plans announced by Women and Equalities Minister Nicky Morgan, private companies and voluntary organisations will be required to reveal the number of men and women in each pay range to show where pay gaps are at their widest.
Crucially bonuses will be included in the figures to make sure a light is shone on pay disparity in City firms, where there is suspected to be a particular problem with pay inequality.
- HRreview’s Global Mobility week throws light on challenges facing industry - Monday, May 16, 2016
- Majority of employers do not have faith in their company benefits package - Friday, May 13, 2016
- Temporary employees are better-skilled and higher educated, new study reveals - Friday, May 13, 2016
- Firms attack whistleblowers’ mental health to undermine claims,says new research - Tuesday, May 10, 2016
- New EU poll points to growing business support for Brexit - Tuesday, May 10, 2016
- GradWeb rebrands to Amberjack - Tuesday, May 10, 2016
- Poll: Is a single person or a person with a family more likely to stick out a global assignment? - Monday, May 9, 2016
- HRreview launches Global Mobility Week - Monday, May 9, 2016
- Internship controversially sold at auction for $10,000 - Friday, May 6, 2016
- Advertised salaries reach standstill as optimism in job market stutters - Tuesday, May 3, 2016