The European Commission defines the gender pay gap as the average difference between men’s and women’s aggregate hourly earnings.
The government is taking steps to address this. Draft regulations have been published which will require organisations with 250 or more UK employees to publish information on their gender pay gap by April 2018.
The reporting requirements for employers covered by the regulations will have to:
• calculate difference between male and female employees’ mean pay and median pay
• report on number of men and women in each quartile of overall pay distribution;
• confirm difference in mean bonus pay between male and female employees
• state proportion of male and female employees who received a bonus.