Companies with more than 250 employees will have to disclose how much they are paying in salaries and bonuses to their male and female staff from another two years. A league table ranking 8000 firms by their gender pay gap will be published from this date. Bonuses will be included in the figures to make sure there is transparency on pay disparity in City firms, where there is suspected to be a particular problem with pay inequality. Estimates from the Office for National Statistics suggest that in the UK on average a woman earns around 80p for every £1 earned by a man. Labour and trade unions said that female employees should not have to wait 2018 to find out if they were being systematically underpaid.
Companies with more than 250 employees will have to disclose how much they are paying in salaries and bonuses to their male and female staff from 2018. A league table ranking 8000 firms by their gender pay gap will be published from this date. Bonuses will be included in the figures to make sure there is transparency on pay disparity in City firms, where there is suspected to be a particular problem with pay inequality. Estimates from the Office for National Statistics suggest that in the UK on average a woman earns around 80p for every £1 earned by a man. Labour and trade unions said that female employees should not have to wait another two years to find out if they were being systematically underpaid.