HR Reporting

You were after a brief rundown of the statutory reporting required once a company hits 250+. These reports need to be posted on the Company website.

To my mind, what is important to know is the ‘what’ and the ‘when’. Please see summary below:

What:

• Executive Pay Ratio – disclosures will make companies justify their pay for top bosses and account for how those salaries relate to wider employee pay e.g. the gap between top bosses pay and that of their average worker;
• Gender Pay Gap reporting – this is calculated by taking all employees in the company and comparing the average pay between men and women, signed off by a director in authority confirming its accuracy;
• Ethnicity Pay Gap reporting – (voluntary not statutory, but there is a moral case to do this re: fairness & equal treatment) should show pay by ethnicity across the organisation with a supporting narrative to explain the nature and causation of any gaps evident in the statistics.