A number of clients have questioned the effectiveness of the Gender Pay Gap Regulations 2017 - given the Regulations apparent 'lack of teeth'.
Whilst I think 'the teeth' will follow, in the interim this, in my opinion, is the real penalty: the impact of any real or perceived gender pay gap on a company's recruitment and retention strategy.
That and, of course, the possible increase in Equal Pay claims that are predicted on the back of increased awareness of the gender pay gap issue within organisations.
On a more positive note, those employers who get this right will steal a material recruitment advantage over their competitors.
In the government’s consultation response, the Young Women’s Trust was cited as reporting that 84% of women surveyed, aged 16 – 30, would consider an employer’s gender pay gap before applying for a job.