Overview

This bill aims to increase transparency in pay by requiring large companies to publicly disclose information about the pay gap between male and female employees. This is intended to help identify and address gender pay inequality.

Description

The Equal Pay (Transparency) Act 2015 mandates the Secretary of State to create regulations under Section 78 of the Equality Act 2010. These regulations will force companies employing over 250 people to publish data illustrating any pay discrepancies between male and female staff. The Secretary of State must create these regulations within 12 months of the act receiving Royal Assent. Consultation with relevant parties will precede the publication of these regulations.

Government Spending

The bill itself doesn't directly specify government spending. The cost will likely involve resources for the Secretary of State's department in developing and implementing the regulations, as well as potential enforcement costs. No figures are provided in the bill text.

Groups Affected

• Large Employers (250+ employees): These companies will be directly affected, needing to collect and publish pay data, potentially incurring administrative costs.
• Employees: Increased transparency may empower employees to negotiate better pay and identify potential discrimination.
• Government Agencies: Government bodies will be responsible for overseeing the implementation and enforcement of the regulations.
• The Public: The public will have access to the published data, allowing for greater awareness and scrutiny of gender pay practices within organizations.

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