For more information please read this press release. identify any concerns that talent is not being successfully maximised, men are paid more than women, based on the median hourly pay, in 77% of the 10,462 organisations that had filed by 2 May, only 9% of entities reported paying men and women equally. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Our robust approach follows the requirements defined by the International Standard on Assurance Engagements (ISAE) 3000, the recognised standard covering this type of non-financial reporting. W e are pleased to set out EY’s 2019 UK pay gap report, including gender pay gap data in accordance with the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017. 31 March is the snapshot date for public sector organisations. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. .css-14iz86j-BoldText{font-weight:bold;}Businesses with 100 employees or more should publish their gender pay gap data, according to a group of MPs. She told MPs: "Let us have a couple of years of reporting at the higher level and with big companies, which have human resources departments that can deal with this, with the hope that it trickles down... to smaller employers as well.". We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. The research by the Fawcett Society and the Global Institute for Women’s Leadership at King’s College London (KCL) found the UK lags behind other countries, which have “much more robust systems”. The report found the UK lags behind other countries, which have ‘much more robust systems’. The initial reporting cycle has shed light on structural inequalities that companies should not ignore. Prior to that it was not mandatory for UK private sector employers to publish an action plan to tackle such pay gaps. The gender pay gap is the difference between the average earnings of men and women. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. And only Wales has a requirement for an action plan where gender pay differences are identified by public sector employers. For more information about our organization, please visit ey.com. You must do this if your company has 250 or more employees. They will not be asked to report this at a later date. The BBC is not responsible for the content of external sites. “It is particularly important that we now move to ethnicity pay reporting alongside gender pay reporting. You’ve accepted all cookies. “Lowering the minimum employee threshold for gender pay gap reporting would also enable us to get a more complete picture of how women are managing through the current economic disruption, and other countries show that it can be done in a way that isn’t an extra burden for smaller employers.”. Supported by detailed analysis and narrative it can: Mandatory requirements for UK employers with over 250 staff to disclose their gender pay gap came into force on 6 April 2017. According to the ONS, the UK mean gender pay gap is 14.1%, and has been stuck at the same level for three years. There were some important changes to enforcement of the gender pay gap reporting regulations for the 2019/20 reporting year (which used a snapshot date of either 31 March 2019 or … But their report found the UK … We have started the conversation and now we need action," she said. You must do this if your company has 250 or more employees. We use this information to make the website work as well as possible and improve government services. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Video, How sunshine can make the railways greener, Tech making it easier to see inside babies' brains. Additionally, 65% of last year’s 20 worst offenders did not report this year (due to the suspension of the reporting requirements as a result of Covid-19), while the overall proportion of companies who did not report this year compared to last was around 48%. Maradona obituary - a flawed football genius, Warnings in US as millions travel for Thanksgiving, Maradona: An extraordinary life in pictures, How sunshine can make the railways greener. The gender pay gap shows the difference in the average pay between all men and women in a workforce. 40 staff all have the same hourly rate of pay - 36 are female and 4 are male. identify errors in the way you apply the Regulations to calculate your gender pay gap, build and strengthen internal systems and controls for collecting and reporting gender pay gap data, increase confidence in the accuracy and completeness of data and build credibility and trust among internal and external stakeholders that you are committed to gender equality.