Welcome to the NOVATIVE advent calendar.
Congratulations you have opened window number two, today we are looking at new legislation. The first one to impact HR in 2019 is the Gender Pay Gap Report.
Annual Gender Pay Gap Reporting
From the of 1st January 2019 regulations made under the Companies Act 2006 require UK listed companies with more than 250 employees to report annually on the pay ratio between their CEO and average UK worker.
The first reports are due in 2020.
What is the Gender Pay Gap?
Do You Need Help?
Ensure your business is compliant with the law and avoid repercussions take advantage of our HR system NOVA Smart and NOVATIVE outsourcing service. Let our HR experts take care of these required reports.
If you are a smaller company, it is advisable to start looking at measures around this as many experts agree the threshold could widen in the future. NOVA Smart HR system has powerful reporting tools that will help prepare if the time comes.
