With little time left to gather data, create your report, and publish it, we thought we’d keep it snappy.
Here’s everything you need to know about reporting your gender pay gap in 2022:
Pay gap reporting
Do I have to report my company’s gender pay gap?
This depends on the size of your organisation. If you had 250 or more employees on 5th April 2021, then you must product a report. Public sector organisations with 250 or more staff also have to report their pay gap.
When do I need to publish my report?
This depends on the nature of your organisation. Private and voluntary sector businesses must publish their report no later than 4th April 2022. If you operate in the public sector, you must report by 30th March 2022.
What is the date range I need to use to calculate my pay gap in 2021/22?
Again, this depends on the nature of your organisation. For private/voluntary businesses, the snapshot date is 5th April 2022. For the public sector, it is 31st March 2021.
What data do I need to submit in my report?
There are several different areas you need to cover—they should be the same as previous years. This includes:
- Mean gender pay gap
- Median gender pay gap
- Bonus gender pay gap
- Median bonus gender pay gap
- Proportion of men who receive bonuses
- Proportion of women who receive bonuses
- The proportion of men and women in each quartile pay band
How do I calculate the above?
How do I submit my report?
You must go to the UK government’s website. Once there, you’ll be guided through the process. It’s also important to remember that you must publish the report on your website before the deadline too.
What is the penalty for failing to produce a report?
Creating and publishing a gender pay gap report is a legal requirement. Therefore, you could receive financial penalties for failing to do so. You may also be named and shamed for failing to submit your report by the appropriate deadline.
Are there any changes to how we calculate, or report, pay gaps in 2022?
There are no significant changes to the way businesses need to work out or publish their pay gap reports this year. There are some changes on the horizon, such as the requirement to produce a report for companies with 50+ staff. However, such changes haven’t yet been implemented.
The government decided against making ethnicity pay gap reporting mandatory. However, it is releasing guidance this summer for companies that want to report voluntarily.
Get your report reviewed or created by pay experts
Having trouble with your gender pay gap report this year? Or, just want to make sure the figures are accurate? Leave it in the hand of professionals.
Our pay experts have worked with hundreds of businesses to produce pay gap reports. They manage salary benchmarking and market rate reports on a daily basis. So, if you need a report created fast, or just want a second pair of eyes, Croner is your first port of call. Speak to one of consultants today on 01455 858 132.
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