November 28, 2017
Most employers have already calculated their pay gap, but research by XpertHR suggests they’re holding back on reporting their findings for fear of standing out if they publish early. Organisations with 250 or more employees have to publish their gender pay and bonus gaps by April 2018 in order to comply with Regulations that came into effect this year. However, with less than six months to go, only 6 percent of the estimated 4,000 employers covered by the new law have complied. Despite the low reporting rate to date, more than one in four ( 26.5 percent) mid-sized companies (those with 250-999 employees) and more than half (51.5 percent ) of larger companies (with 1,000+ employees) have already calculated their pay gaps. Anecdotally, some have told researchers that they are waiting to see what other companies in their sector do before publishing – or that they want there to be a large number of reports in the public domain before they release their own figures.