Financial information & Executive Pay on Your School Website
Financial information & Executive Pay on Your School Website
This financial information requirement released in November 2020 is an easy requirement to fulfil. We do find, however, that most schools do not have this information listed on their websites. Ensure you are fully compliant with this easy-to-meet requirement. Check out our school website requirement guide for full details on all the latest requirements.
There are only 2 parts to this requirement in section 21 of the compliance guide.
- How many school employees (if any) have a gross annual salary of £100,000 or more in increments of £10,000 (use a table to display this). (section 21.1)
- A link to the webpage which is dedicated to your school on the Schools financial benchmarking service – follow the prompts to find your school’s specific page. (section 21.2)
How do I display my Financial Information?
We would suggest having a dedicated page named Financial Information just for this information. Therefore, all the financial information is grouped together and very easy for everyone to find. Also, best practice would be to display the information in a table. Finally, you need to display how many school employees have a gross annual salary of £100,000 or more in increments of £10,000.
Below is an example of what it could look like.
| Annual Salary | Number of Staff |
|---|---|
| £100,000-£110,000 | 1 |
| £110,000-£120,000 | 0 |
| £120,000-£130,000 | 1 |
If your school has no one earning over £100,000 we would encourage you to fill in the number of staff column with zero. Therefore, you are informing people know that you don’t have any and inspectors can see that you are aware of the requirement.
Then, under this table create a short line of text and link this to your school’s financial benchmarking service. This needs to be your specific page.
For example “{school name} benchmarking information” linked to the correct page.
What do I do next?
If you have any questions about the Financial Information requirement, your first port of call is the School Website Requirements Guide.
Also, to go deeper join The School Marketing & Communications Membership where you will get access to all School Website Requirements Course updates and training. Or, drop us a line and book to have a full Ofsted Audit performed on your website.
