CEO Pay reporting

CEO Pay reporting

Companies with more than 250 employees are now required to prepare a report comparing the CEO pay to the pay of other employees in the same company. This requirement is part of the Companies (Miscellaneous Reporting) Regulations 2018 (SI 2018/860). More details can be found at:

 

http://www.legislation.gov.uk/uksi/2018/860/made.

 

The report runs over the companies’ financial year. The Financial year start and the employee reference for the CEO can be edited in the Company details screen:



To generate a CEO pay report, open the Company menu on the Flexipay toolbar and click Executive pay gap report:




You will then be prompted to choose which financial year you want to report from. You can also tick the Include employee breakdown checkbox to include other employees in the report:




The report will attempt to demonstrate:

• The median full-time equivalent pay
• The 25th percentile FTE pay
• The 75th percentile FTE pay
• The pay for the CEO

The report includes:

• Salaries
• Wages
• Bonuses
• Fees
• Allowances
• Sick pay Parental pay, Holiday pay, other paid leave
• Shift premium
• Commission
• Any taxed benefits recorded on the payroll
• Company pension contributions.



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