41. The undertaking shall disclose:

AR 31. The gender pay gap disclosure in accordance with paragraph 41(a) shall include all male and female employees’ gross hourly pay level and be calculated as follows:

(Average gross hourly pay level of male employees – average gross hourly pay level of female employees)

______________________________________________________________________ X 100

Average gross hourly pay level of male employees

AR 32. When compiling the information required by paragraph 41(a), the undertaking shall:

(a) include all male and female employees;

(b) include the ordinary basic salary; and

(c) include any other remuneration made available to all employees, whether in cash or in-kind, which the employee receives directly or indirectly (complementary or variable components) in respect of his/her employment from his/her employer.

AR 33. Paragraph 41(a) requires a disclosure of the unadjusted

gender pay gap, which measures the overall difference in average pay between male and female employees but does not account for specific factors that can further explain these differences in pay. The adjusted gender pay gap by employee category and/or broken down by country may provide additional contextual information that complements the unadjusted gender pay gap.

To avoid distortions in the calculation that can result from one-off payments or irregular components of pay, it is recommended to draw up a precise list of the payments that are included and excluded, and to document it transparently.

The calculation of the gender pay gap expressly refers only to male and female employees.