Business giants pledge to report ethnicity pay gap

The government finished consulting last month on a directive to require companies to report their ethnicity pay gap, but the nature of the data to be reported, and how remains unclear.

INvolve co-founder Suki Sandhu said:"Addressing hard issues like disparity and race is never easy, but the moral and business case for taking action must win out."But, as shown by mandatory gender pay gap reporting, it is vital to encourage discussion and help businesses to deliver impactful change.

"Extending this scrutiny to the ethnicity pay gap is not only the right thing to do, it also makes good business sense for companies wanting to recruit and retain talent." Emma Codd, managing partner for talent at Deloitte, said,"Deloitte has voluntarily reported its ethnicity pay gap since 2017; this year we have also published our total ethnicity earnings gap, which includes all equity partners.

While ethnicity pay gap reporting is not without its challenges, I believe such transparency is critical to improving diversity in business. I would also encourage all firms to publish the factors driving their gap and actions they are taking to close it.Here is the full list of signatories:

Yawn

What about geographical pay gap? Should companies be forced to close that as well?

One day, are you going to do a report on the 'skill pay gap'? How about the 'life choices pay gap'? Or maybe the 'best person for the job pay gap'? Or would that just contradict your current narrative? Yes is the answer. Yes it would.

How about they pay their taxes

Mmmm what about the class pay gap, seems most of these companies are run by the posh I old boys network.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pound hits 21-month high on Brexit delay reports - business liveRolling coverage of the latest economic and financial news, as sterling rallies and Bank of England governor Mark Carney faces MPs The UK should adopt the EURO as its currency.
Source: The Guardian - 🏆 84. / 53 Read more »

Clothing chain Gap is closing more than 200 stores worldwide as company splitsGap has a number of stores in the UK, but the closures are worldwide and it hasn't been announced as to which branches will be affected
Source: The Mirror - 🏆 136. / 51 Read more »