A third of UK manufacturing businesses are unprepared for new gender pay gap reporting requirements currently being consulted on by the government.Manufacturers’ organisation the EEF said that there was high awareness, 83 per cent, amongst manufacturing and engineering firms of the new requirements aimed at solving the imbalance of pay between men and women. However, according to its survey, seven per cent of respondents said they had low understanding and 29 per cent said they had little preparedness of the upcoming changes. Three in ten firms indicated concern about the amount of work that will be required to provide gender pay gap data, with only ten per cent currently reporting any gender pay information. Many others, EEF said, do not have the right systems in place to provide accurate and robust pay data. Indeed only a third have undertaken a pay audit in the last five years with the same percentage not doing any work to define pay and job roles. A half don’t have an official pay scale with pay being determined individually and case-by-case. But despite the significant challenges the EEF said firms see the forthcoming reporting requirements as an opportunity to improve. Just under half, 47 per cent, said it was a great opportunity to benchmark themselves against peers and other industries, while 38 per cent said that the work needed to be undertaken to provide the data will help each to get to grips with pay structures and auditing. Read more about the gender pay gap:
- Women have little faith the gender pay gap will be closed
- Gender pay gap needs to be addressed
- Is the gender pay gap down to discrepancies in bonuses?
Share this story