The results of the latest ethnicity pay gap report have just been revealed. They show that education and age are firmer indicators of pay privilege over ethnicity.
After female staff urged the BBC to “rectify injustices,” the company announced a review into the extent of its pay gap. However, if in breach of the law, it could face multiple claims.
The pay gap, be it for gender, ethnic minority or disability, has been of much debate following the BBC’s publication of highest earning broadcasters. Our August 2017 economic statistics unveils what bridging them could potentially mean for British business.
While recent scrutiny of the salaries being earned by business leaders is important to monitor the pay gap, it should be left to shareholders and board members to determine whether the bosses at big companies are paid appropriate sums.
While the education gap between men and women may be narrowing, a global study highlighted that these advances are failing to bring equal access to quality jobs and government representation.
Some 89 per cent of employees in the seven countries surveyed by Glassdoor believe the gender pay gap is a thing of mysteries – it doesn't it.
The question of whether accepting inappropriate behaviour every now and then is important to further the cause of women in business and the professions will be one of many hotly-debated topics at the First Women Summit on 4 February.
Positive strides have been taken to increase the level of female representation on UK boards through Lord Davies’ government-backed annual review into gender equality in the boardroom. But while the prospect of more women on British boards championing the equal pay cause is a brilliant development, every organisation has the potential to change the status quo.
The average hourly pay of a full-time female worker is £14.39 per hour, compared to £16.77 for men, according to the Office for National Statistics. That means that women will effectively not be paid until the beginning of 2016.
Sandi Krakowski, founder of A Real Change International and Sandpaper Tablet, used to have an average salary of between $100,000 (£64,954) and $300,000 (£194,864) per year. That has now changed, with Krakowski giving herself just $1.
Women earn more pay than men in their 20s but soon fall far behind in their 30s as they miss out on senior positions.
New data from the High Pay Centre think tank has revealed that, not only did the ten highest paid CEOs at FTSE 100 companies make over £150m in total, but those in the position are now paid 183 times the average UK worker.