One of the most frustrating things about the Gender Pay Gap is that it’s been acknowledged, talked about, and debated about for a long, long time.
Thankfully, as of 6th April this year, UK employers with over 250 staff are required by law to disclose four different pay categories not only on their own website but a government one. They are as follows*:
- Gender pay gap
- Gender bonus gap
- Proportion of men and women receiving bonuses
- Proportion of men and women in each quartile of the organisation’s pay structure
Since this rule came into play last month, only 9 out of 9002 companies have published their gender pay gap details here. Given that the deadline for providing this information is April 2018, the time for complete transparency on this issue is fast approaching, making it difficult for employers to gloss over a concern that needed to become a thing of the past like, yesterday.
Employers will soon be required to reveal information on pay for Black, Asian, and minority ethnic (BAME) employees as well. Last year, the Trade Union Congress published figures suggesting that on average, black graduates earn £14.33 an hour, whereas white graduates take home £18.63.
*This information is available on the gov.uk website.
