Pay equity

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Deliver equitable pay through pay gap reporting and equal pay audits

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Pay gap reporting

Analyse, report and proactively manage your gender pay gap, ethnicity pay gap and CEO pay ratio.

Regulations require companies with 250+ employees to calculate and publish gender pay gaps, and in April 2023 guidelines were published for calculating ethnicity pay gaps. Many organisations extend their reporting to include other protected characteristics and social mobility. In addition, larger listed companies are required to publish CEO pay ratios.

Greater transparency around pay is not only being driven by Government reforms, but also expected from employees (current and future), customers and investors. Increasingly recognised as good practice and the right thing to do for all organisations.

Equal pay

Address any anomalies that could lead to equal pay claims and confidently deliver equitable pay.

Pay equity is expected from employees (current and future), customers and investors. Not only does the Equality Act 2010 give employees the right to be paid equally, demonstrating equal pay is a clear reflection of the values and culture of an organisation.

By partnering with us, running an equal pay audit is as painless as possible. This can be a light touch high level audit, or deep dive with extended data analysis, a review of your HR policies and practices, and action-planning workshop

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    FAQS

    Equal pay is about consistent pay across roles that are the same or of equal value. Gender pay is the average pay across a whole organisation and indicates gender equity.

    In the UK, organisations with 250 or more employees are required to calculate and report their gender pay gap annually.

    No, an accompanying narrative is voluntary. However, it is a great opportunity to provide context behind any pay gaps, comment on progress, and share action plans.

    An equal pay audit identifies discrepancies in pay for those doing the same, similar or work of equal value, and seeks to rectify them.

    Feedback

    We are particularly proud of
    our client feedback

    “Verditer understand our industry and bring much valued external perspectives and insights. Not just safe hands and critical partnership, but also a pleasure to work with.”

    Tracy McMullen, Global Head of Reward

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    “It has been genuinely great working with Verditer on our gender pay gap report. They simplified the process for us from start to finish, from processing the data, producing our report and helping us analyse and communicate our data. They were helpful and supportive throughout.”

    Sarah Hughes, HR Manager

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