New research has revealed that there are still a number of larger firms not carrying out gender pay gap reporting despite it being a legal requirement.
The CIPD’s Pay, Performance and Transparency 2024 report, supported by ADP (a leading global technology company providing human capital management solutions), found that almost a fifth (17%) of large employers (those with 250+ employees) said they haven’t carried out gender pay gap reporting.
This is mandatory for all businesses with 250 or more employees in England, Scotland, and Wales.
The CIPD say: ‘it’s important that employers understand the causes of their gender pay gap, including looking at how people are recruited, managed, developed, and rewarded, to ensure a fair approach. With this insight, a narrative can be created to explain the numbers and an action plan can be developed to address inequalities’.
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Commenting on the findings, Sirsha Haldar, General Manager of the UK, Ireland & South Africa at ADP, said, “Employers must trust accurate indicators linked to their payroll systems to move beyond assumptions and analyse their real data, pinpointing any pay gaps.
“Without such tools and a committed budget for workplace equality, this injustice may endure, fostering diminishing employee morale and loyalty.
“Pay disparities can drive away valuable female talent and tarnish a company’s reputation, especially among younger generations increasingly concerned about equality in pay.”
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