UK members of Parliament are calling for small companies to be required to publish gender pay gap information.
The Business, Energy and Industrial Strategy Committee (BEIS) has recommended mandating that organisations with more than 50 staff - rather than the current 250 - must provide the information.
According to People Management, publishing action plans and narrative accounts of what actions they are taking to close their pay gaps would also be necessary as would coming up with key performance indicators (KPIs) for reducing them. The KPIs would then be used by remuneration committees when making decisions.
laire McCartney, diversity and inclusion adviser at the Chartered Institute of Personnel and Development told HR Magazine: "The new requirement means that firms will need to take the time to understand the reasons the gaps are there, think about what needs to be done sustainably to reduce them, and then take meaningful action in the areas that will make the biggest difference."
The government said the UK was one of the few countries in the world to require employers to publish comprehensive gender pay gap data. The Government Equalities Office is publishing new guidance for firms on recruitment and the progression of women as well as ways to close their gender pay gap, according to the BBC.
Emma Woollacott is a freelance business journalist. Her work has appeared in a wide range of publications, including the Guardian, the Times, Forbes and the BBC.
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UK members of Parliament are calling for small companies to be required to publish gender pay gap information.
The Business, Energy and Industrial Strategy Committee (BEIS) has recommended mandating that organisations with more than 50 staff - rather than the current 250 - must provide the information.
According to People Management, publishing action plans and narrative accounts of what actions they are taking to close their pay gaps would also be necessary as would coming up with key performance indicators (KPIs) for reducing them. The KPIs would then be used by remuneration committees when making decisions.
laire McCartney, diversity and inclusion adviser at the Chartered Institute of Personnel and Development told HR Magazine: "The new requirement means that firms will need to take the time to understand the reasons the gaps are there, think about what needs to be done sustainably to reduce them, and then take meaningful action in the areas that will make the biggest difference."
The government said the UK was one of the few countries in the world to require employers to publish comprehensive gender pay gap data. The Government Equalities Office is publishing new guidance for firms on recruitment and the progression of women as well as ways to close their gender pay gap, according to the BBC.
Emma Woollacott is a freelance business journalist. Her work has appeared in a wide range of publications, including the Guardian, the Times, Forbes and the BBC.
OTHER ARTICLES THAT MAY INTEREST YOU
Gender pay gap exists at 78% of UK organisations
Why does the UK continue to have a gender pay gap?
Mixed reasons given for Estonia's huge gender pay gap
