Home / Business / Companies seek to report on gender pay gaps

Companies seek to report on gender pay gaps

  Illustration depicting a man and a woman and the difference between their salaries

British companies are tightening coverage of the gender pay gap.

Nearly two-thirds of companies still have time left for just one week to the deadline The average difference between what they pay per hour for male and female employees has not been disclosed.

In total, more than 1

0,000 of the major British companies are reported, but on Wednesday morning there were nearly 4,000.

Based on past figures, three out of four British companies have a pay gap.

Sam Fatty, Chief Executive of the Fawcett Society, who works for gender equality, said: "Most employers leave the company until the end It is disappointing that a significant proportion of respondents have greater pay gaps."

"We have to Toughen up the law so that they can demand action plans addressing all the causes of the pay gap Increasing the number of women at the top, more access to flexible work and more women in male-dominated sectors.

"In some cases, however, the gaps are at least partially caused by wage discrimination, which is illegal, and when employers review their salary data, they need to focus on any unequal salary they find."

Rebecca Hilsenrath, CEO of the Equality and Human Rights Commission, said: "Reporting on gender pay gaps is not voluntary, it's the law."

"Last year, we saw a large number of companies entering their data in the US Week before the deadline expired, and this is likely to happen again this year. "

This is the second year companies have to report, with all UK companies with 250 or more employees having to disclose their pay gaps to the private sector by April 4. March 30 for the public sector.

Want to find out where the gender pay gap is and try the calculator below.

All UK companies with 250 or more employees must state their gender pay gap 78% said they have more men than women

If you can not see the calculator, please click here. [19659003] The average pay gap reported by companies so far is 9.1%, slightly less than in the previous year (9.7%). , This is based on the difference in hourly wages between men and women.

The gender pay gap is not the same as the unequal pay. It does not tell us whether women are paid less for the same work than men, which is against the law since the 1970 Equal Pay Act was introduced.

However, the pay gap gives us some variation in the ways in which men and women work: different occupations, mainly female part-time jobs – and the lack of women in leadership positions.

EasyJet reports a 47.9% difference between the salaries of its male and female employees, the largest salary gap between companies with at least 5,000 employees. Last year it was 45.5%. Like other airlines, the problem is that the majority of pilots are male.

However, it said it had made "good progress" in recruiting more female pilots to improve gender balance.

"EasyJet now has 222 female pilots (up from 128) – an increase of 73% over 2015," it said. "The airline expects 18% female drivers to be recruited for new entrants this year, and is well on its way to achieving the 20% target by 2020."

Banks have some of the biggest pay gaps.

Five of the ten largest companies with the largest gaps are banks: Barclays Investment Bank, Lloyds Bank, Clydesdale, RBS and Lloyds Banking Group, all of which submit more than 30% pay gaps. This means that for every £ 10 an average man earns there, the average woman takes home less than £ 7.

The Barclays Investment Bank has reported a pay gap of 44.1%, slightly more than the pay gap reported last year at 43.5%.

Barclays acknowledged a "historical imbalance between the sexes" at higher levels. The aim, however, was to increase the proportion of female directors and managing directors to 28% by the end of 2021.

All in all, 42% of companies have reported a larger salary difference this year than last year.

All sectors pay men more than women, but financial and insurance companies have the highest pay gap in all sectors. On average, men pay 23.3% more than women.

Mining, construction and education companies also show high wage differences.

Understanding terminology

Average pay gap

The mean pay gap is the difference between the middle and middle women and the middle man.

If you list all men and women working in a company in two separate lines by salary, the mean pay gap is the difference between the women in the middle of their line and the middle man

Average pay gap

The mean pay gap is the difference between a company's total wages per woman and its total expenditure per man.

The number is calculated by dividing the total wage bill for each of them and dividing by the number of men and women employed by the organization.

Pay differential for equal pay

The gender pay gap is not the same as unequal pay.

Unequal pay gives women for the same job less than men. This has been against the law since the introduction of the Equal Pay Act in 1970.

The gender pay gap of a company can also be caused by other factors, such as: For example, fewer women in senior or high-paid roles or some more women. time jobs.

This article is based on the difference between what men and women pay per hour, but there are other ways to calculate the gender pay gap: the National Statistics Office publishes yearly figures here.

How does the BBC machine work?

The individual company data reflects the information companies submitted to the Government Equalities Office on March 27.

The data submitted each year is based on figures from a specific date – the so-called "snapshot date" – of the previous year. For businesses and charities, the snapshot is April 5, while the snapshot of public sector organizations is March 31.

All gender pay gaps in this article reflect the average hourly pay of all employees.

Computer design and development: Irene de la Torre Arenas, Becky Rush, Scott Jarvis, Alexander Ivanov and Oliver Schnuck.

Source link