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Concerns over gender pay gap compliance

on Tuesday, 16 January 2018.

Concerns over gender pay gap compliance

One in 10 employers will be unable to meet the deadline for reporting their gender pay gap, according to findings from RSM.

The accounting and consulting firm found that, at the beginning of January, more than 90 per cent of businesses had still not reported their gender pay gap.

Kerri Constable, a senior consultant from RSM’s HR consulting service, believes that athough the compliance levels are likely to ramp up as we near the deadline, many companies are struggling to meet their duties.

‘These figures reinforce our concerns that there are many companies struggling to complete their gender pay gap calculations, partly as a result of difficulties with manipulating the data from payroll systems,’ she said. ‘Many employers are also using the remaining time to develop the right narrative to try and mitigate any reputational risk - both internal and external.’

Charities and private companies with 250 or more employees must publish their gender pay gap calculations by the 4 April. For public sector bodies, the deadline is 30 March. However, the latest figures revealed that just 502 out of an estimated 9,000 had reported their gap.

‘It would be wise for employers to remember that gender pay gap reporting is an annual requirement and every year progress will be expected. It’s therefore crucial for all affected companies to develop action plans to demonstrate their commitment to continually closing the gap,’ added Constable.