The Regulations have placed reporting and publication obligations on both private and public sector employers. The application of these regulations will gradually extend from employers with 250 or more employees for the first two years, then to employers with 150 or more employees in the third year and, after three years, to employers with 50 or more employees.

Employers will have to report on the following:

• mean and median pay gaps: calculated by first working out hourly rates.

• mean and median bonus gaps: add up all bonuses each employee received during the relevant pay period, find the mean or median for women, then subtract from the mean or median bonus for men, then divide by the mean or median bonus for men.
• the proportion of men and women that received bonuses: employers have to identify all women who received a bonus and divide by all women employed. The same operation have to be repeated for men.
• the proportion of men and women that received benefits in kind: the operation described above for bonuses have to be repeated for the benefits in kind, defined as any non-cash benefit of an estimated monetary value;
• the proportion of men and women in each of four equally sized quartiles: employers shall order the workforce by hourly rate, split into four equally sized chunks, then identify the proportion of men and women in each quartile.

Employers must calculate these statistics for their employees using a precise date of their choice in June 2022 and using data from the preceding 12 months. The statistics must be reported within six months of the precise date.

The report has also to contain a written statement explaining the reasons for the differences in remuneration and what measures are being taken, or proposed to be taken, to reduce the gaps.

The Minister announced that a central website will be established next year for employers to upload their information online. For 2022, employers are only obliged to report on their own website.

Please find here the article on similar measures implemented in Canada in August 2021.