![]() Those who fail to do so can be investigated and potentially face an unlimited fine. Education has the highest pay gap based on that measure.Ĭompanies had until the end of Tuesday to report their data. The gap in finance fell 1.6 percentage points to about 22% when using the weighted median, a metric that removes the impact from the highest-earning employees. The Bloomberg calculations are based on a weighted average. The numbers don’t measure the pay of men and women doing the same job or adjust for experience or location. The data is a blunt snapshot of who held the highest-paying jobs around the end of March last year. The rules have “no teeth” compared to other countries’ efforts, a recent report from King’s College found, because it doesn’t require employers to commit to addressing the problem.įirms should publish “an action plan to show what they are doing to reduce the gap,” said Charles Cotton, senior adviser for performance and reward at the Chartered Institute of Personnel and Development. have had to publicly report partial data on compensation received by their male and female workers since 2017. Companies with more than 250 employees in the U.K.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |