MP Sarah Champion wants to help Rotherham firms close gender pay gap

#Paymetoo places pressure on firms to close gender pay gaps

This matches the mean national pay gap pay, and is only 1 per cent better than the median national pay gap. More than 8,800 of about 9,000 companies had already done so by Wednesday afternoon.

The companies have to disclose the mean and median gaps between hourly wages for a male and female employer. And they should be, according to Labour MP Harriet Harman, who played a key role in the 2010 Equality Act, ensuring it included the statutory requirement for companies to report their gender pay gap.

They all waited until the final deadline of April 4, but the three majors have now revealed their gender pay gap figures in the UK.

Jeanette Wheeler, partner and employment lawyer at Birketts, says employers will need a "period of introspection" to assess the reasons for their gender pay gaps - while the necessity for them to report annually will help keep the pressure on.

Can you guess at what age women start earning less than men? Perhaps a large gender pay gap could tip the balance? Our research shows that male managers are 40% more likely to be promoted than their female counterparts. Try the calculator below.

Some have criticised the exercise, which also applies to charities and public sector bodies, as a crude mechanism open to misinterpretation.

But the gender pay gap is widest at soccer clubs, airlines, financial firms and select fashion brands.

More news: TV host apologizes to Parkland student

"Finally women are realising that they have a right to talk about pay and they can not be silenced", he said. Using its existing enforcement powers under the Equality Act, this will include seeking summary convictions with an unlimited fine, but this will only be an option where an employer has been investigated, issued with an unlawful act notice and has still failed to comply.

CBI director-general Carolyn Fairbairn said gender pay gap reporting was a chance for companies for businesses to bring about change. But businesses can't close the gap by themselves.

British Prime Minister Theresa May has vowed to tackle the "burning injustice" of the gender pay gap as the deadline approaches for the UK's largest companies to report their figures. Try asking our bot below.

She said: "Gender pay gap reporting is a good move as it has raised awareness and made people more conscious of the issue - that is the first step".

In one example, that of bailed-out lender Royal Bank of Scotland, men earn 36.5 per cent more than women.

But the company still had some important differences in how men and women are rewarded.

The broadcaster said some men will take substantial pay cuts, while some women and other men would see their salaries increased.

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