[06.04.17]

From 6th April 2017 employers in Great Britain with more than 250 staff are required by law to publish gender pay gap figures annually on their own website and on a government website.

An employer must comply with the regulations for any year where they have a ‘headcount’ of 250 or more employees on 5th April.
There are six calculations to carry out, and the results must be published on the employer’s website and a government website within 12 months. They must be confirmed by an appropriate person, such as a chief executive.

Employers have the option to provide a narrative with their calculations. This should generally explain the reasons for the results and give details about actions that are being taken to reduce or eliminate the gender pay gap.

The six calculations that must be published show:

• average gender pay gap as a mean average
• average gender pay gap as a median average
• average bonus gender pay gap as a mean average
• average bonus gender pay gap as a median average
• proportion of males receiving a bonus payment and proportion of females receiving a bonus payment
• proportion of males and females when divided into four groups ordered from lowest to highest pay.

Fortunately most of us will be exempt from this complex calculations as we are unlikely to employ 250 people, but if you need help calculating these figures for your business or you generally need any advice around this requirement, please get in touch.

Castletons Accountants