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HEAR MORE: ifac urges local businesses to prepare for new gender pay gap regulations

Aug 2, 2022 10:08 By News Northern Sound
HEAR MORE: ifac urges local businesses to prepare for new gender pay gap regulations HEAR MORE: ifac urges local businesses to prepare for new gender pay gap regulations
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ifac, Ireland's farming, food and agribusiness specialist professional services firm, is advising local businesses impacted by the new gender pay gap regulations to make sure they are well prepared for the end-of-year reporting.

Last year, the Oireachtas enacted new legislation requiring specific organisations to publish information on their gender pay gap.

While this only affects public and private organisations with at least 250 employees, it will be rolled out to companies with less than 150 employees in 2024 and companies with less than 50 employees in 2025.

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Eurostat data published earlier this year suggests that in 2020 the average EU gender pay gap was 13%.

However, employers are sometimes confused about the difference between equal pay and the gender pay gap.

Mary McDonagh is the Head of HR & Payroll Services at ifac.

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She spoke to our reporter, Diarmuid Pepper, who began by asking her to outline what exactly is meant by the "gender pay gap":

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