Closing the Gender Pay Gap

This week, I signed the regulations for the Gender Pay Gap Information Act. These regulations require organisations with more than 250 employees to report on their gender pay gap for the first time in 2022, and state the reasons why such a gap exists in their company and set out what practical measures they will take to eliminate or reduce that gap.

In 2024, organisations with more than 150 employees will be required by law to report on their gender pay gap and, in 2025, organisations with more than 50 employees. This incremental approach will allow smaller companies the time to learn from larger companies who have greater capacity to implement the new reporting measures sooner.

For more information on how to report on the Gender Pay Gap, visit here.