Improves your working environment by bringing about greater fairness, transparency and performance.
Increases your ability to attract and retain the best talent through an enhanced employer brand and employee proposition.
Strengthens your reputation amongst customers and suppliers and makes your business more attractive to investors.
Reporting gender pay gap statistics is compulsory for organisations with 250 or more employees, but it can feel like yet another task for an already overstretched and potentially inexperienced team. This can inadvertently lead to errors. Since inception, a number of gender pay gap reports have been submitted with mistakes or improbable data such as pay/bonus gaps greater than 100%, missing written reports or the report being signed off by someone who isn't in an appropriate position of responsibility.
Once submitted to the Government portal an organisation's data is publicly available to view, so submitting incorrect data can reflect poorly on the employer as well as skewing the accuracy of the UK and industry averages. Most importantly, the employer doesn't have the ability to address any actual issues because the truth hasn't yet been discovered.