24 Nov 2016
Last month, in Iceland, thousands of female employees left work early in a protest against earning less than their male colleagues.Teams of women left their workplaces at precisely 14:38 on Monday 28 October, or '14 per cent early', reflecting the percentage of the pay gap between men and women in the country. Iceland is considered to be a leading example of gender equality, and yet there remains a 14 to 18 percent divide between gender pay. Reportedly, in the UK, the gender pay gap begins as soon as women start their careers at 9.1 percent, rising to a maximum of 25.9 percent when a women reaches her fifties. To address the gender pay gap, the Government has introduced legislation which will require organisations who employ more than 250 people, to publish prescribed information about their gender pay gap, which will need to be published on their website and submitted to the government on an annual basis from 4 April 2018. What should you be doing? If your organisation employs 250 people or more, you should be collecting pay data for the first reporting period. From April 2017 employers will need to carry out calculations to determine gender pay gap results. How Croner can help As the UK's most experienced reward, HR and employment law specialists - with over 40 years in the pay arena - Croner are ideally placed to assist with this vital legislation. We have put together a one-stop solution to make the process as easy as possible, from initial preparation to analysis, conclusions and recommendations. What's the process?
- We analyse your pay data
- We provide the statistical outcome
- You receive a report and action plan.
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