The move to introduce Gender Pay Gap reporting for Irish companies moved forward yesterday, with legislation presented to the Dáil for review.
The Gender Pay Gap Information Bill aims to introduce mandatory reporting of any gaps between male and female workers’ pay and will also require companies to explain how they will eliminate them.
The bill, which mirrors legislation already taken in a number of other EU countries, now awaits a second stage of approval.
Ireland’s gender pay gap currently sits at 14%, and although it is slightly better than the EU average of 16.7% – that gap needs to close.
Justice Minister Charlie Flanagan, who launched the bill alongside minister of state David Stanton, said it would “provide transparency on the gender pay gap”.
He added: “I believe firms which can report a low or non-existent pay gap will be at an advantage in recruiting future employees and I hope mandatory reporting will incentivise employers to take measures to address the issue insofar as they can.
The bill also provides that employers must set out the measures, if any, they are taking to eliminate or reduce any pay gap
The legislation would initially introduce compulsory gender pay gap reporting for firms with over 250 employees. However, it is hoped that the reporting threshold would gradually fall to 50 workers.
The requirement will apply in both the private and public sectors and the information that must be published annually includes:
- the mean and median gap in hourly pay between men and women
- the mean and median gap in bonus pay between men and women
- the mean and median gap in hourly pay of part-time male and female employees
- the percentage of men and of women who received bonus pay
- and the percentage of men and of women who received benefits in kind
The regulations may also require the publication of information on employees on temporary contracts, the percentage of employees in each of the four pay quartiles who are men and who are women and the publication of information by reference to job classifications.
Additional reporting from www.IrishLegal.com