Minding Your
Gender Pay Gap

Data from the first gender pay gap reports that were due 5 April have been released and the findings are disheartening. Organisations with at least 250 employees were required to disclose the pay gap between male and female employees, including their bonuses. According to the reports, 78 per cent of women work for organisations that pay them less than their male colleagues. What’s more, women earn, on average, 18 per cent less than their male co-workers, while the average gap for the companies that were required to report was 9.7 per cent.

    Closing the pay gap can be a challenge for any organisation. That’s why the Government Equalities Office published guidance to help:

  • Calculate and publish your gender pay gap information, as required by law. If your organisation is smaller than 250 employees, it would still be a good practice to collect this information to see what the gap is.

  • Analyse your data to learn where you can achieve the biggest improvements. These changes could be made in recruitment, promotion rates as well as who’s on your boards and executive committees.

  • Commit to an action plan. Make a choice about how you will begin to close the gender pay gap and commit to it.

  • Monitor your progress. Keep track of the effects of your action plan and make adjustments if change is not visible.

In addition to taking steps to address your gender pay gap, you may want to invest in employment practices liability insurance in order to shield you from harassment and discrimination claims. For more information, contact Bond Lovis Insurance Brokers today.

Our deals are available in branch or on the phone

Other Products

Link Car
Link Commercial
Link Fleet
Link High Net Worth
Link House
Link Van

Feefo logo

What our customers think of BondLovis Read what our customers have said about us

"Have been with Bond Lovis for over 5 years now and recently renewed my car insurance with them. Always someone helpful and friendly to talk to. Would highly recommend"
"I have dealt with Bond Lovis for around 10 years - always by phone. Very easy to do business with."
Martin, West Sussex
"Great service, very friendly, easy to speak to and also got a great price on my car insurance."
Mark, Essex

Want to read more? Read all our reviews

Our deals are available in branch or on the phone