Mandatory gender pay gap reporting becomes lawAugust 2021
On the 11th of August, the new Gender Pay Gap Information Act 2021 was passed into law.
Fundamentally, the legislation requires that any gender gaps must be published by eligible employers.
The new legislation sets out the following key elements:
- That the gender pay gap is the difference between what men and women are paid overall and not the concept of simply equal pay for equal work.
- The legislation will initially apply to employers with 250+ employees, to employers with 150+ employees from August 2023 and to employers with 50+ employees in August 2024.
- A breakdown of the differences in remuneration including bonuses and BIK paid to both male and female employees as a percentage will be required to be published.
- Obligations on firms can be enforced by the Workplace Relations Commission (WRC) and the Irish Human Rights and Equality Commission IIHREC) for employees who believe their employers have not acted in accordance with the legislation.
- Reporting Obligations are expected to commence by 2022 on foot of regulations anticipated by the end of this year.
Relevant Firms are encouraged to be compliant and prepare for the new regulations immediately, by promoting gender diversity, introducing programmes to help women achieve senior roles and having flexibility for all staff regarding parental leave.
The Act is available here: Gender Pay Gap Information Act 2021
By Sean Wallace - Regulatory Consultant