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Gender pay gap updates to be published in coming weeks

This is the second year in which larger companies will have to publish their reports in a manner easily accessible to the public
This is the second year in which larger companies will have to publish their reports in a manner easily accessible to the public

Larger sized companies here will be publishing their latest gender pay gap reports over the coming weeks.

Firms of all sizes are being mandated to produce a report outlining the differential in pay and bonuses between their male and female employees over the coming years.

Companies with 250 or more employees were asked to select a date in June last year as their 'relevant date' on which to base their reports.

They were then given six months to publish their findings with the initial batch of firms producing their first reports this time last year.

This is the second year in which larger companies will have to publish their reports in a manner that is easily accessible to the public, such as on their website.

"We should have comparative data on how they are progressing, if they reported last year," Anne Kelleher, Director & Head of Reward Services at Deloitte Ireland explained.

"Most companies are looking at their metrics but also seeing how the plans that they put in place are helping to improve their gender pay gap," she said.

According to an analysis by Deloitte published earlier this year, Financial Services, Technology and the Media and Telecommunications sectors commanded the highest gender pay gaps in Ireland.

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The study was based on information supplied by 350 organisations across six sectors in their first reports.

"Where we're seeing a gap, it's mainly due to the fact that they have a lack of representation of females throughout the organisation, but especially in senior roles," Anne Kelleher said.

"Most organisations are looking at their hiring, their retention and progression plans internally in order to see that, when they bring talent in, how they progress them, so they have a good pipeline for the future in relation to senior hires."

The gender pay gap reporting obligation will extend to employers with 150 or more staff in June of next year and to those that employ 50 or more in June 2025.

The analysis by Deloitte found an overall 13.3% mean gender pay gap and a median pay gap of 10.2%.