Overview

This bill mandates that large companies in the UK (those with 250+ employees) publicly disclose data on the pay of their male and female staff to expose potential gender pay gaps.

Description

The Equal Pay (Transparency) Act 2015 compels the Secretary of State to create regulations under the Equality Act 2010. These regulations will force companies employing over 250 people to publish information detailing pay differences between male and female employees. The Secretary of State has up to one year to draft and implement these regulations, with the power to consult relevant parties beforehand. The bill aims to increase transparency, thereby potentially reducing gender pay disparities.

Government Spending

The bill itself doesn't directly specify any government spending figures. The cost will likely relate to the development and enforcement of the new regulations by the relevant government departments, and may also involve the cost of any potential legal challenges to the legislation. Precise figures are not included in the bill text.

Groups Affected

This bill primarily affects:

• Large employers (250+ employees): They will bear the responsibility of collecting and publishing the required pay data, incurring administrative costs.
• Employees: Increased transparency may lead to greater awareness of potential gender pay gaps within their companies, possibly prompting action.
• Government: The government will be responsible for creating and enforcing the regulations.

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