Latest News

18 Feb

Public sector contracts probed in first Quarterly Economic Survey

The extent to which smaller firms are able to access public sector contracts is being probed in the first East Midlands Chamber* Quarterly Economic Survey (QES) of the year.

18 Feb

Business space available at at1.SPACE

Unique space available at1.SPACE Located on Triumph Road, NG7, next to the Nottingham University Jubilee Campus and the QMC hospital.

18 Feb

New facility will improve patient care by speeding up medical product development

Plans have been submitted for a new facility focusing on the commercialisation of medical devices and technologies, which is seeking major D2N2 Local Enterprise Partnership funding.

Gender Pay Gap Reporting

Earlier this year, legislation was introduced to tackle the UK’s gender pay gap. Organisations with over 250 employees must gather data on their pay structure and declare any imbalance in earnings. The difference in the gender pay gap reflects how many males hold higher-paid positions in comparison to female colleagues. While the UK ranks above average globally, only 1 in 10 women work for an organisation that pays them more than men.

 

Sage Gender Pay Gap Reporting

Although not a legal requirement, smaller companies can also measure and submit their gender pay gap data. By drawing attention to a disproportion in earnings, employers can explore the reasons behind the wage gap and take action to tackle it head-on. Adopting open communication around pay and a level of transparency, allows smaller businesses to show they’re progressive and taking steps to fight inequality.

Once a gap is identified, many steps can be taken to champion gender diversity. By encouraging women into non-traditional roles, leadership programmes and supporting those returning from maternity leave, employers can reduce their staff turnover. This, in turn, will increase morale and the organisation will benefit from having a more diverse team. In the guide to Gender Pay Gap Reporting Sage provides employers with the information required to calculate their gender pay gap and explains how to improve the working environment for all.

 

About the author

Sage, the leading integrated accounting, payroll and payment systems provider
Tel 0800 923 0344
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