Influential business leaders came together at a PwC event in London recently to discuss why it’s time organisations tackle the task of understanding, reporting and addressing their ethnicity pay gap.
Whether inspired by an ethical or moral obligation, or just keen to get ahead of a possible Government-mandated requirement to report, there are lots of reasons why organisations should be taking a close look at their ethnicity pay gap.
However, if some organisations still need convincing, or are put off by concerns over cost or complexity, then it’s worth considering the potential downsides of not doing so.
It’s time for change
At the launch of PwC’s Taking the Right Approach to Ethnicity Pay Gap Reporting, attendees heard that it is essential for organisations to better reflect the outside world, their clients, customers and a diverse talent pool, if they want to be successful.