Will gender pay reporting decrease pay rise potential in 2016?

Following Prime Minister David Cameron’s decision to force companies to publish the pay disparity between male and female staff, one survey has highlighted the potential pitfalls with this new legislation.

A recent survey by reward consultants Paydata questioned employers who have scheduled pay reviews during January and April 2016, asking if they have already set their pay budget for the year ahead.

The figures indicate that wage inflation will not pick up this year, reinforcing Chancellor of the Exchequer George Osborne’s warning of a slowing global economy.

According to the report, the biggest concern raised by businesses reviewing their pay structures is the introduction of pay gap reporting.