New gender pay gap initative explained by DE Ball’s accountants

gender pay gap accountants

The government has brought in new regulations for employees of over 250 people in both the public and voluntary sectors relating to equal pay. From 2017 any organisation with over 250 employees must publish and report specific information about their gender pay gap.

The gender pay gap is the difference between men’s and woman’s earnings on average, this is shown as a relative against men’s earnings such as woman earn 10% less than men per hour. If your company has fewer than 250 employees you are not required to publish or report the gender pay gap. However, if you do employee more than 250 and are based within England, Scotland or Wales you must: write a statement and give data based on the gender pay gap and display this on a public facing website for a minimum of 3 years. This information must also be reported to government online using the gender pay gap reporting service.

So when must this be done by?

All figures are subject to a specific date range referred to as the snapshot date. This date is different for business, charities, and public sector organisations. All charities and businesses must show data from the 5th of April and Public sector organisation by the 31st of March. Each of these different areas has a maximum of 1 year to publish the snapshot and must be submitted by the 4th of April or the 30th March each year.

Who counts as an employee?

All people who have a contract of employment with the organization, all workers and agency workers with a contract to do work or provide a service and some self-employed people where they must personally perform the work.

For more information please contact Telford’s number one accountants, DE Ball.

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