Gender pay gap reporting: What your business needs to know

Sage Gender

For the past 12 months, in the run-up to new legislation, the gender pay gap has been at the forefront of discussions in business and of how organisations must work to close the gap as they scramble to report their figures.

Since April 2018, all employers with 250 employees or more are required to publish their gender pay gap data every year.

But, what actually is the gender pay gap, what can we do to address any imbalance and what does it mean for small and medium-sized enterprises (SMEs)?

The gender pay gap refers to the average amount of money men and women earn in the workplace on an hourly basis.

The difference in the gender pay gap reflects how many men hold higher-paid positions in comparison to women.

Sage have put together a report which explains Gender Pay Gap reporting and your responsibilities as a business. You can view their report here https://www.sage.com/en-gb/blog/gender-pay-gap-reporting/#