UK companies employing more than 250 people had until April 5, 2018, to disclose pay figures under the new UK gender pay gap reporting requirements.
PwC has just published the first #GenderPayGap report based on the data provided by over 10,000 companies employing over 250 people in England, Walse and Scotland and it makes for a very interesting reading.
Gender pay gap will continue to make the headlines for a foreseeable future, so apart from the analysis of the numbers, the report contains key actions the companies should take now to prepare for the next year's reporting.
The results are stark - with more than 85% of companies disclosing a mean pay gap, and 80% a mean bonus gap, in favour of men. Although the exact reason for this gap do vary by company, in the overwhelming number of cases the key factor appears to be the relatively high number of men in more senior (and so more highly paid) roles.