After the deadline for organisations with more than 250 employees to publish their gender pay gap expired, the Business, Energy and Industrial Strategy Committee invites written submissions to their gender pay gap inquiry.
Transparency just the first step
Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy Committee, said:
"With the deadline up for the reporting of gender pay gaps, the session will be an important opportunity to quiz companies about how they are complying with the law and whether they are doing enough to recruit, value and promote women in the work place.
Transparency is just the first step. The published submissions show an unacceptable situation at far too many companies, so we will want to know what actions firms are taking to close the gap not in the decades ahead but now."
The inquiry 'Corporate Governance – Delivering on fair pay' is examining issues around the compliance of businesses with reporting requirements on the gender pay gap, such as whether the regulations are properly capturing the salaries of staff, and what steps companies are taking to address the pay gap.
The Committee will also look at measures to be taken against companies which do not comply with reporting requirements.
Send us your views
The Committee is inviting written submissions on the following questions until Friday 27 April 2018:
- Whether the annual information related to pay required under the Equality Act 2010 is sufficient? Should any further information be required?
- What is the extent of compliance? Is the information accurate?
- How effective are the sanctions for non-compliance with reporting requirements?
- What requirements, if any, should there be on companies to address gender pay gaps?
Tackling the gender pay gap evidence session
After the deadline for organisations with more than 250 employees to publish their gender pay gap expired, the session will focus on issues around compliance as well as what is being done to tackle the gap.
The first panel will feature witnesses from organisations including the Fawcett Society and the 30% Club with the second panel made up of representatives from companies including Linklaters.