Mandatory gender pay gap reporting is on the way, with legislation currently being drafted. This will oblige businesses, initially those with over 250 employees, to publish figures every year on the gap between what women earn as a group and what men earn as a group in each organisation. How companies address and manage this issue is of real strategic importance. It could affect key relationships with employees, customers, suppliers and government.
Ibec is working with government to shape an effective and appropriate method of reporting. Many companies are already actively looking at the issue, but it is important that all businesses actively look at what it means for their organisation and workforce.
Ibec is leading the way in ensuring Irish business is ready for the introduction of this important piece of legislation through the launch of a new guide “Mind the Gap: An introduction to gender pay gap reporting”. It introduces the issue, explains the gender pay gap, what causes it and how it can be addressed. It also provides an update on the current state of play in Ireland and looks at what we can learn from the UK experience.
Last week, we hosted an event with UK gender pay expert Helene Reardon Bond OBE and industry pioneers in gender pay gap reporting. Listen to the latest edition of the Ibec Podcast for their insights.
Gender pay gap reporting is one part of a much-needed wider strategy to address female participation rates and employment gaps between genders. It will not on its own identify or solve the myriad of structural, cultural and policy causes for these differences, but it is a critical and welcome element.
For further information, contact Ibec Senior Labour Market Policy Executive, Kara McGann at: firstname.lastname@example.org
Pictured at the launch of the new guide are Ibec CEO Danny McCoy'; CEO of Cpl Recruitment, Anne Heraty; Helene Reardon-Bond OBE; Minister of State for Equality, Immigration and Integration, David Stanton, TD; and Ibec Senior Labour Market Policy Executive, Kara McGann