New regulations that will require private sector employers to publish annual data on their gender pay gap have come into force.
The rules – which will be enforced by the Equality and Human Rights Commission – require UK companies with 250 or more employees to provide data on their gender pay gap by April 2018.
They’ll also need to publish information on the proportion of male and female employees in different pay bands, their gender bonus gap, and a breakdown of how many women and men get a bonus.
The legislation will affect around 9,000 companies, who collectively employ more than 15 million people.
In 2016 the gender pay gap stood at 18.1%, the ethnicity pay gap at 5.7%, and the disability pay gap at 13.6%.
Figures released by the Chartered Management Institute also found 14% of men in management roles were promoted into higher positions compared to 10% of women.
Male managers are 40% more likely than female managers to be promoted into higher roles.