To ask Her Majesty’s Government what progress they have made in addressing the gender pay gap.
My Lords, the gender pay gap is at a record low of 17.3%. However, the gap for full-time employees has increased slightly to 8.9%. The pay gap is caused by a range of factors. To address it, we must ensure that men and women not only have equal pay but equal access to opportunities. Reporting regulations require that around 10,000 employers report their data annually. However, we want employers to go beyond reporting to create genuinely inclusive workplaces for everyone.
My Lords, International Women’s Day is always an opportunity to reflect on successes, and there is no doubt that gender pay gap reporting has made a significant difference to many women’s lives. As my noble friend said, in the past two years, over 10,000 employers with more than 250 employees have reported that data. However, that is only 34% of the workforce. The Government have acknowledged that the 250-employee threshold is just the starting point. What plans do the Government have to lower the threshold?
My Lords, we have had two successful years of gender pay gap reporting so far, with over 10,000 employers publishing their data in both years. It is important to give the regulations time, to see how employers respond. We are required to review the gender pay gap information regulations by 2022, and we intend to consult on any changes to the information that employers must provide by the end of 2021. If you have under 250 employees, it is difficult statistically to value that data, so we are still looking to consult on any changes.