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now to close gender pay gap £1 a man earns. It means that, relative to men, women are essentially not paid a penny for the remaining 50 days of the year.
In the UK, November 10 was Equal Pay Day – the day from which women worked ‘for free’ until the end of the year. Employers are being urged to take seriously their responsibilities to close this gender pay gap. Employment specialists at leading law firm Blake Morgan, which has offices in Oxford and Reading, are warning employers not to get caught out by having unfair pay practices as laws and regulations become more stringent.
Statistics show the average female worker in the UK earns 13.9% less than her male counterpart – based on the mean average for full-time employees.
This translates to 86.1 pence for every
James Simpson, a partner specialising in employment matters for Blake Morgan, said: “Although it’s clear that little progress has been made on this issue over several decades, changes to the law and public pressure will undoubtedly begin to have an effect in the next few years, and employers should not leave themselves open to be singled out with outdated and unfair pay practices.
“We are awaiting new legislation that will make all employers with 250 or more
employees publish information about their gender pay gap.
“That information will have to be available on their website for all to see for a period of three years. The information will also have to be uploaded to a government- sponsored website which is intended to monitor the worst-performing employers and sectors.
“Even if your organisation is not caught by the new regulations, they could mark a change for smaller employers too.
“With larger businesses publishing this information, recruitment of the best talent could be hindered or helped depending on what an employer is able to say about its gender pay gap.
“There will be businesses which use the opportunity to make themselves stand out as an employer of choice.”
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THE BUSINESS MAGAZINE – THAMES VALLEY – DECEMBER 16/JANUARY 17
businessmag.co.uk
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