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Get the free Annual Pay Policy Statement 2024-25 - Report - democracy thurrock gov

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Appendix 1Thurrock Council Human Resources Framework Collective Bargaining Agreement 1 April 20241Version Control Version Control Author:Pay and Reward SpecialistOwner:Director of HR, OD & Transformational
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Gather all necessary information such as employee salaries, bonuses, benefits, and other compensation details.
02
Review any changes to pay policies or regulations that need to be reflected in the statement.
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Use the correct template or format provided by the relevant authorities or HR department.
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Who needs annual pay policy statement?

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Employers who have employees and are required by law to submit an annual pay policy statement to regulatory bodies.
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Organizations looking to ensure transparency and compliance with labor laws and regulations.
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The annual pay policy statement is a document that outlines an employer's compensation policies, including how pay is determined and distributed among employees.
Employers that are subject to specific pay transparency laws, usually those with a certain number of employees or are publicly held, are required to file the annual pay policy statement.
To fill out the annual pay policy statement, employers must provide detailed information about their pay structures, including salary ranges, bonus structures, and any non-discriminatory practices in place.
The purpose of the annual pay policy statement is to promote transparency in compensation practices, ensure compliance with equal pay regulations, and foster trust between employers and employees.
The information reported typically includes salary ranges for different positions, demographics of the workforce, gender pay gaps, and the criteria used for determining pay.
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