Naming scheme for unpaid employment tribunal awards
You may be aware of the naming scheme for employers who fail to pay the minimum wage, but as of Monday this week (17 December) an equivalent scheme is in place for employers who fail to pay tribunal awards.
Like the minimum wage naming scheme, the Department for Business, Energy and Industrial Strategy (BEIS) will publish the names of the offending employers and the amount of the unpaid tribunal award on its website each quarter. Designed to encourage employers to comply with tribunal awards in a timely manner, the naming scheme will run alongside the penalty scheme introduced in 2016 under which financial penalties can be imposed on employers where tribunal awards remain unpaid for 42 days.
Claimants must register with both the penalty scheme and the naming scheme for their employer to be eligible for naming and the relevant tribunal award must be at least £200.
From 1 January 2019, UK quoted companies with more than 250 employees will have to report on ratios between the CEO and employees’ pay and benefits.
The requirement applies to financial years beginning on or after 1 January 2019 so the relevant information (to be included in the directors’ remuneration report) will not be due until 2020. Nonetheless, employers need plenty of notice of the new requirements so that pay ratios can be calculated in good time.
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