Commenting on the Prime Minister’s announcement of a consultation on mandatory reporting for ethnicity pay gaps, Laura Hinton, Chief People Officer at PwC, said:
“We welcome this consultation as another important step towards ensuring diverse, inclusive and fair workplaces.
“Shining a spotlight on ethnicity in the workplace will help drive change. This is why we chose to voluntarily publish our BAME pay gap from 2016. It’s a step to ensuring we take the the right actions to ensure fair representation. We have in place a number of targets for both BAME and gender diversity across our business, including targets for grade demographics. We know a lack of representation at the most senior levels is one of the key reasons behind pay gaps and, in order to drive real change, action plans need to mirror the pain points. We report our progress against these targets, as well as the actions we have in place, in our annual report.
“While consultations like today’s show progress is being made and awareness is rising, far more needs to be done. By recording and reporting BAME pay gaps, firms can begin to understand the reasons behind the gap, and take targeted action to address them. Reporting on ethnicity pay gaps may reveal harsh truths but that’s a real trigger for action.
"We're delighted to be a signatory of the the Government's and Business in The Community's new Race at Work Charter, which commits businesses to a set of principles and actions designed to drive a step-change in the recruitment and progression of ethnic minority employees."
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