Large employers face bonus disclosure as part of wider gender pay gap reporting

The government has pledged to ‘force’ larger employers to publish information on their bonuses for men and women as part of wider gender pay gap reporting. It is also extending plans for gender pay gap reporting beyond private and voluntary sector employers to include the public sector, and will ‘work with business’ to eliminate all-male boards in FTSE 350 companies. A consultation, which concluded in September 2015, asked employers and employees for views on how, when and where gender pay gap data should be published. Regulations setting out the mechanics of the latest government pledges will be set out ‘in due course’.

Neil Carberry, CBI director for employment and skills, said:

‘Eradicating the gender pay gap is an important goal, but to be truly effective, gender pay gap reporting must be relevant to each company rather than a box-ticking exercise. Companies recognise the value of having a diverse board that reflects society and their customers, so we look forward to working with the government to end all-male boards in the FSTE 350 and elsewhere, building on the successful voluntary approach pioneered by Lord Davies.’