Born out of frustration after years of women in the city earning less than their male counterparts, the UK’s gender pay gap reporting regime has provided a sense of optimism amongst executives. Companies have been seriously concerned with the impact on their reputation. With the transparency of published figures, companies risk facing public backlash. With that in mind, many of the larger banks are beginning to pilot new schemes ranging from encouraging women to take on roles that are more male-dominated to attempting to remove gender bias from the recruitment system by anonymised certain information. Several other companies are aiming to pilot similar schemes focusing at the mid-career level for women and if those schemes prove successful to implement them on a larger scale.
Gender pay gap catalysing change for gender diversity amongst executives
September 13, 2018
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About UK People Reward and Mobility Team
Our People, Reward and Mobility team in the UK advises on all aspects of employment law, both contentious and non-contentious, and covers the full range of pensions and employee benefits issues as well as all areas of immigration law.
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Employment Rights Bill at-a-glance
By
Laura Morrison and Lisa Watson
Failing to report gender pay gap
“Let me be very very clear: failing to report is breaking the law. We have the powers to enforce against companies who are in breach of these regulations. We take this enormously seriously. We have been very clear that we will be coming after 100% of companies that do not comply.”
The irregular thing about the Gender Pay Regulations…
As reported in our article “It’s all change in employment law in April…”, private employers with 250 employees or more […]