Following years of concern about high levels of executive pay, the Government has introduced legislation requiring listed companies to disclose figures and narrative about the ratio between the pay of their CEOs and that of average employees.
The legislation took effect from 1 January 2019 and applies to financial years starting on or after this date so the first organisations will publish from January 2020 onwards. But it is important to begin preparations well in advance and even to calculate the ratios using recent data so that organisations know what to expect and can prepare themselves for the inevitable spotlight that will be shone on the published data.
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Why you should attend
Following years of concern about high levels of executive pay, the Government has introduced legislation requiring listed companies to disclose figures and narrative about the ratio between the pay of their CEOs and that of average employees.
The legislation took effect in January 2019 applies to financial years starting on or after this date, so the first organisations will publish from January 2020 onwards. It is important to begin preparations well in advance and even to calculate the ratios using recent data so that organisations know what to expect and can prepare themselves for the inevitable spotlight that will be on the published data.
The course is suitable for delegates that have the following suggested roles:
- Payroll co-ordinators
- Payroll Managers
- HR Managers
- Finance Managers
Or anyone with responsibility for preparing CEO pay ratios figures and/or the accompanying narrative in the annual Directors’ Remuneration Report.
What you will learn
To teach you the rules and regulations on CEO Pay Ratio reporting so they can ensure their organisation or clients comply with this new statutory requirement.
- Identify organisations required to submit CEO Pay Ratio data
- Identify and collate appropriate data for CEO Pay Ratio calculations
- Calculate the statutory CEO Pay Ratio figures using the correct methodology for the organisation
- Outline the supporting information requirements for the calculated ratio figures
- Appreciate the wider internal & external implications of the reported figures for an organisation
Course content
Background
- Reason for the policy
- Companies affected and when
CEO pay ratio reporting requirements
- Choosing a calculation methodology
- The overlap with gender pay gap reporting
- Data definitions and collection
- Calculating the pay ratios
- Publishing the data
- Supporting information and explanation
Compliance
- Criminal liability and fines
- Media scrutiny and analysis
Prior learning required
It is important that you have a working knowledge of payroll and work in a payroll, finance or HR environment giving you exposure to your organisation’s structure, the terms and conditions offered to their employees and their pay structure.
Continuing your learning
Gender Pay Gap Reporting & HR Implications:
This is another statutory reporting obligation for all large employers which (like CEO Pay Ratio reporting) requires the collaboration of payroll, HR and finance professionals and this course is structured to cover the requirements that all three disciplines have responsibility for in this arena. It not only explains in detail how the reportable figures should be calculated, but how organisations can judicially employ these figures to help address their gender pay gap and associated HR implications.
Creating a Payroll Procedures Manual:
CEO Pay Ratio reporting is another addition to the broad array of tasks and obligations that Payroll Supervisors and Managers must incorporate into their procedural documentation.
This course covers the theory and practicalities that need to be considered when designing a procedures document that all payroll departments need to ensure all statutory and contractual obligations are managed efficiently and professionally.
Pricing and booking information
Closing date for bookings is two weeks prior to the course date.
Terms and conditions apply and can be found here.
For more information please email [email protected] or call us on 0121 712 1063.