The UK Government has recently introduced regulations for Companies within the UK to report their Gender Pay Gap. These regulations affect companies who employ 250 people and over and encourage employers to provide a plan of action where such pay gaps exist.
Every year, at the snapshot date of 5th April,a company must report on the following:
- Gender pay gap (mean and median averages)
- Gender bonus gap {mean and median averages)
- Proportion of men and women receiving bonuses
- Proportion of men and women in each quartile of the organisation’s pay structure -1
The gender pay gap shows the difference between the average {mean) and median (mid-point) earnings of male and female employees. This is expressed as a percentage of men’s earnings -2.
Paradigm Precision Burnley Limited welcome the gender pay gap reporting as we have built a business which is based on equality and fairness for all employees irrespective of whether they are male or female.
To see our results and actions please download full “Gender Pay Gap Reporting April 2018” document
Paradigm Precision Burnley Limited specialises in the manufacturing of complex and precision machined and fabricated assemblies for the aerospace and industrial markets.