February 15, 2019
New research commissioned by the Government Equalities Office (GEO) has found that more companies are prioritising reducing their gender pay gap since the legislation was introduced in 2017. The research found that 69 percent of employers now view closing the gender pay gap as a high or medium priority, an increase of 8 percent on last year. With 10,000 companies reporting their pay gaps last year, the new research also showed that 67 percent of companies are having discussions at board-level to find ways of closing the gap. The GEO published the results as it announced two new pieces of guidance, providing step by step advice for employers which helps them to identify potential causes of the gender pay gap in their organisation and develop an effective action plan to tackle it.
‘Eight ways to understand your gender pay gap’ asks companies to identify potential areas for improvement, such as; whether women tend to enter the company in lower paid positions than men, whether there is a difference in performance scores within the organisation depending in relation to gender and whether individuals who are employed on a part-time basis are being supported to advance within the company.
Alongside this, the GEO is also publishing a four-step guide to help companies develop an effective action plan. The guide encourages employers to analyse and understand why they have a gap, working with staff to find out what they can be doing better and developing an action plan accordingly. Finally, the guide encourages businesses to give the action plan time to make an impact.