What is the gender pay gap in 2018?

A gender pay gap is a difference in pay that both men and women receive in their hourly earnings. In the UK men received 18.4% more than women did in April 2017. On average, men earn 10% more than women do each month. Statistics show that 9 out of 10 women work for a company that pays them less than they pay men in the same role, which leads to a pay gap of 14%.

Companies in the UK that have 250 or more employees are now having to publish their gender pay gap in 2018. This will be a legal requirement from April 2018.

Public, private and voluntary sector firms are now required to disclose information about their average monthly pay for men and women, including information about bonuses. They have been given the option of adding details about their calculations, explaining the reason for their pay gap and what action they are going to take to stop the gender pay gap in the future.

Home Secretary Amber Rudd commented and has said that “businesses should see that reporting their pay gap data is just the first step on the road to creating fairer and more equal workplaces across the UK, they should be putting action plans in place to break down the barriers to women’s progression in their organisations”.