Around 1,500 organisations failed to report figures before the deadline of midnight on Wednesday
Almost eight in 10 large UK companies and public sector bodies pay men more than women, the latest gender pay gap reporting has revealed.
After the deadline to publish passed at midnight on Wednesday, around 1,500 organisations with over 250 employees had yet to report.
More than 10,015 companies met the deadline, with 78 per cent of those revealing that they pay men more than women, on average.
- Read more
Gender pay gap latest: 1,500 firms fail to meet reporting deadline
Of the remaining employers, 8 per cent claimed that they have no gender pay gap and 14 per cent reported one in favour of women.
More than 15 per cent of employers left it to the last minute, sending their information between Tuesday at 4pm and the cut-off point. A further 10 companies had submitted their figures after the deadline by 8am on Thursday.
Companies that fail to publish their mean and median gender pay gaps and bonus gaps face “stiff penalties”, including court orders and unlimited fines, according to the Equality and Human Rights Commission. Firms now have a month to report figures before action will commence.
However, some legal experts have questioned whether these sanctions are enforceable under current legislation.
The figures published so far reveal some startling gulfs between men’s and women’s pay at some of the UK’s best-known firms.
Ryanair pays women 67 per cent less than men, on average, and HSBC pays women 59 per cent less. The figures mean that for every £1 men are paid at Ryanair, a woman is paid just 33p, while at HSBC a woman gets 41p for every £1 paid to a man.
Sam Smethers, chief executive of the Fawcett Society described gender pay gap reporting as a “game changer” for working practices.
“It forces employers to look at themselves and understand their organisations and it prompts employees to ask some hard questions,” she said.
“But even better than that, finally women are realising that they have a right to talk about pay and they cannot be silenced.
- This is the wage gap between women and men at music labels in the UK
- UK companies face midnight deadline to report gender pay gap
- Gender pay gap latest: Firms flock to report before midnight deadline
- True scale of gender pay gap at UK's large firms set to be revealed
- Company gender pay gap reporting is already tackling inequality
- UK could cut gender pay gap 21% if lowest-paid work was split evenly
- Ikea reveals lower gender pay gap than many rival retailers
“By finding out what their colleagues earn they are then in a position to challenge any pay inequality. It is much more common than people realise.”
The EHRC said it will write to employers who have not complied on 9 April, giving them 28 days to publish the figures “before an investigation takes place and an unlawful act notice is issued”.
Rebecca Hilsenrath, chief executive of the EHRC, said she would ensure that the law is fully enforced against all companies that fail to report.
She added: “This legislation is in place to bring about better gender equality in the workplace and any employer not complying needs to ask themselves tough questions, re-think their priorities, be prepared for serious reputational damage, and be ready to face a very unhappy workforce.”
Looking at the median gender pay gap – the difference between the middle-earning man and middle-earning woman at an organisation – banks revealed the biggest gender pay gaps among the UK’s largest employers.
Business news: in pictures
Business news: in pictures
Spotify traded publically for the first time on the New York Stock Exchange on Tuesday. However, the company isn't issuing shares, but rather, shares held by Spotify's private investors will be sold
The deadline to award a contract to make blue British passports after Brexit has been extended by two weeks following a request by bidder De La Rue. The move comes after anger at the announcement British passports would be produced by Franco-Dutch firm Gemalto when De La Rue’s contract ends in July. The British firm said Gemalto was chosen only because it undercut the competition, but the UK company also admitted that it was not the cheapest choice in the tendering process.
Phillip Rasmussen, finance chief of technology company IQE, was killed in an accident while on holiday over the weekend. The company confirmed the 47 year old man had died while cycling in Menorca. A 25-year-old American man was arrested on suspicion of drink driving, after failing a roadside breath test.
The Beast from the East wiped £4m off of Flybe’s revenues due to flight cancellations, airport closures and delays, according to the budget airline’s estimates. Flybe said it cancelled 994 flights in the three months to 31 March, compared to 372 in the same period last year.
Lloyds Bank’s median pay gap was 42.7 per cent, followed by majority state-owned Royal Bank of Scotland with 36.5 per cent.
BT reported that it pays women 2.3 more than men, on a median basis, while big chains including Primark, McDonald's and Costa all said they have no gender pay gap.
A spokesman for the Institute for Fiscal Studies said: “The gender wage gap has barely fallen over the last 15 years and greater understanding of its determinants are needed.
“The new data being provided by employers could help contribute to that. As ever, however, the statistics are limited and need to be interpreted with care.”
Additional reporting by PA