The Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 (Regulations) came into force on 6 April 2017, obliging employers with 250+ employees to publish their gender pay gap statistics taken from pay information as at the snapshot date of 5 April 2017.
It has been six months since the Regulations came into force and the BBC has reported that only approximately 85 out of 9,000 companies, required to publish their pay data, have actually done so.
The deadline for the remaining 8,915 employers to publish their gender pay gap information is April 2018. Six months to go.
The “Glass Pyramid”
Gender pay gap research in 2017 has highlighted that the gender pay gap appears to widen for those women working in more senior roles, indicating the presence of a “glass pyramid”.
The Chartered Management Institute (CMI) has published findings showing that the gender pay gap for managers has increased to 26.8%, compared to 23.1% in the previous year. The figure is also substantially higher than the 18.1% for employees across all roles as published by the Office of National Statistics in 2016.
The CMI research also showed that women occupy 66% of junior management roles and 26% of director-level roles, while men occupy almost 74% of senior positions. The CMI reported a gender pay gap of £34,144 in more senior roles.
Bonus payments have a lot to answer for, as the CMI reported an astonishing 46.9% gender bonus gap across managers.
