Gender pay gap live updates: UK companies who fail to meet midnight reporting deadline face heavy government fines

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36 mins ago

The Conservative Party has published its its pay gap statistics but has done so outside the government’s gender gap portal – the party does not meet the threshold 250 employees requirement that would have forced it to disclose its figures before midnight sharp.

The party says it has a 12.7 per cent gap in favour of women but it also revealed a small bonus gap of 2.9 per cent in favour of men.

The Labour Party reported its gender pay gap last month, reporting a median hourly gap of 4 per cent, with no discrepancy in terms of bonus.

A cross-party group of female MPs recently launched a campaign to force employers to publish details of their gender pay gap as the first step to striving to gain pay equality.

The #PayMeToo campaign aims to support women in bossing their bosses to end gender pay discrepancies in their firms. It hopes to emulate the success of the #MeToo hashtag which endeavours to raise awareness of sexual assault and harassment.

The campaign is being led by Labour MP Stella Creasy and is backed by female MPs from all the other main political parties.

 

59 mins ago

With the deadline for the UK’s biggest companies to release their gender pay gap nearly upon us, the #genderpaygap hashtag has been gaining increasing traction on Twitter.

Charities and political parties have used it as a springboard to share their thoughts on the issue.

Here is a selection of some those inputs:

4 hours ago

A number of companies have already revealed the sharp differences in what they pay their male and female employers.

 

Ryanair revealed a 67 per cent gender pay gap on Tuesday. It said the figure was down to the fact a large majority of its pilots are men. 

 

Financial services firms have also revealed substantial gaps between men’s and women’s pay, with HSBC’s pay gap standing at 59 per cent while Barclays is 48 per cent.

The figures were better on a median measure – ie comparing the middle-earning man with the middle-earning woman – but gaps were still hefty. For example, Barclays’ stood at 43 per cent while HSBC’s was 29 per cent.

Leading accountancy and consulting firms have also disclosed similarly startling numbers. ​Deloitte pays women 43 per cent less than men and KPMG 42 per cent less, EY 38 per cent less and PwC 44 per cent less.

All firms claimed the figures were distorted by a small number of tremendously high-earning men but the figures also showed significant gaps for middle-earning staff too.



Source link: http://www.independent.co.uk/news/business/gender-pay-gap-live-updates-deadline-midnight-men-women-salary-report-uk-business-numbers-a8288161.html

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