Committee Chair comments on gender pay gap reporting requirements
14 September 2018
Rachel Reeves MP, Chair of the Business, Energy and Industrial Strategy Committee, has commented on the Government's announcement that it will not be extending gender pay gap reporting requirements to equity partners and company subsidiaries with fewer than 250 employees.
“Transparency through gender pay gap reporting is a vital first step in moving towards equality and promoting diversity in the workplace, so it's hugely disappointing that the Government has rejected calls to widen the requirements as we recommended in our recent report. Addressing the gender pay gap is in the interests of ensuring a more equal society, so we will continue to put pressure on companies to comply with the spirit as well as the letter of the law to ensure that the reported data is meaningful and properly highlights the low number of women in high paid jobs.”
In August, the BEIS Committee published a report on closing the gender pay gap, calling for a widening of the present reporting requirements.
The Government has signalled that it will review the legislation after five years.
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