A significant proportion of employers have revealed an increase in their gender pay gap as the deadline for reporting the information ended, it has been suggested.
Most of an expected 10,000 organisations published their gender pay comparison by midnight on Thursday.
An analysis of the figures will be made today, as well as details of those firms who missed the deadline.
Companies employing more than 250 workers who did not provide information on any pay difference between men and women face a fine.
A handful of councils, NHS trusts and universities have already missed the March 30 deadline for public sector organisations.
Peter Cheese, chief executive of the Chartered Institute of Personnel and Development, said: Its disappointing that many employers are still not providing a narrative or action plan.
Organisations that simply provide their numbers are failing to meet the increasing appetite and expectation for transparency amongst all stakeholders, including employees, investors, and regulators.
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Financial figures would never be given without any explanation for them, and gender pay gap reporting should be no different.
Click here to find out where your company is on the gender pay gap
He added that submissions had suggested that a significant proportion of companies have reported an increase to their gender pay gap.
Some of this may be from businesses initially focused on bringing more women into entry-levels roles in order to build a pipeline of female talent.
This is a genuine commitment to lasting change and we must welcome these efforts even if it does mean the numbers do initially go up instead of down.
TUC general secretary Frances OGrady said: Big employers clearly arent doing enough to tackle the root causes of pay inequality and working women are paying the price.
Government needs to crank up the pressure.
Companies shouldnt just be made to publish their gender pay gaps, they should be legally required to explain how theyll close them, and bosses who flout the law should be fined.
We cant allow another generation of women to spend their whole working lives waiting to be paid the same as men.
Jenny Gilruth, an SNP MSP in the Scottish Parliament, said: The gender pay gap is smaller in Scotland than it is in the UK, but our economy could benefit by a further £15 billion if we had the powers to fully eradicRead More – Source
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