Gender Pay Gap Report
What is the Gender Pay Gap Report?
The legislation was introduced in 2017 and requires organisations with over 250 employees to publish statutory gender calculations annually thereafter. The purpose of the report is to analyse the scale of the gender pay gap between male and female employees. It is legislation the report must be published by 30th March each year, if working in the Public Sector. The snapshot date for the report is 31st March. This date is reflective of all calculations produced throughout this report.
The information that is requested to be published; each year is as follows:
- the difference in the mean pay of full-pay men and women, expressed as a percentage;
- the difference in the median pay of full-pay men and women, expressed as a percentage;
- the difference in mean bonus pay of men and women, expressed as a percentage;
- the difference in median bonus pay of men and women, expressed as a percentage;
- the proportion of men and women who received bonus pay; and
- the proportion of full-pay men and women in each of four quartile pay bands
The following report outlines the gender pay gap analysis for BSM, and describes the actions taken to minimise the gender pay gap.