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SCHEDULE 1Gender pay gap reporting

Difference in mean hourly rate of pay

8.  The difference between the mean hourly rate of pay of male full-pay relevant employees and that of female full-pay relevant employees must be expressed as a percentage of the mean hourly rate of pay of male full-pay relevant employees and is to be determined as follows—

where—

  • A is the mean hourly rate of pay of all male full-pay relevant employees; and

  • B is the mean hourly rate of pay of all female full-pay relevant employees.