UK firms to publish pay data in bid to eliminate gender gap

Image
AP London
Last Updated : Apr 06 2017 | 3:43 PM IST
The British government has introduced new rules aimed at eliminating a gender pay gap that sees men earn almost a fifth more than women.
By April 2018, public- and private-sector companies that employ 250 people or more will have to disclose figures including the median wage for both men and women and the overall gender pay gap. Firms are also supposed to produce a plan to narrow the gap.
The first figures were published today.
The government says Britain's pay gap is a record-low 18.1 per cent, but should be eliminated altogether.
Britain says it is one of the first countries to introduce mandatory pay-gap reporting. It does not go as far as Iceland, which plans to make employers prove they offer equal pay regardless of gender, ethnicity, sexuality or nationality.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 06 2017 | 3:43 PM IST

Next Story