Government announces requirement for large employers to publish details of bonuses awarded to employees
This week, the Government announced a further measure aimed at eliminating gender pay inequality, requiring larger businesses with more than 250 employees to publish information regarding the bonuses awarded to their male and female employees.
This announcement is part of the Government’s existing strategy aimed at eliminating pay inequalities between men and women. This strategy was first announced on 6 March 2015 when the Government made known its intention to implement section 78 of the Equality Act 2010 and introduce regulations requiring the mandatory publication of gender pay gap information. A Consultation Paper was published on 14 July 2015, providing further detail on the proposed regulations. Please see our blog below from earlier this year for further information concerning the consultation paper.
The Consultation concluded on 6 September 2015 and its results are awaited, as well as draft regulations specifying exactly what will be required and by when. We will report further once these are published and will keep you apprised of any further developments in the meantime.