CMI comments on 6 Month Anniversary of gender pay gap regulation changes
Ann Francke, CEO at the Chartered Management institute comments:
It is now six months since the new reporting regulations on gender pay came into force, yet so far just 1% of eligible companies have published their data. Pressure is now building on these businesses to not only follow the new regulations, but to publish an action plan detailing the practical steps they are proposing to close their gap.
Too many businesses are like ‘glass pyramids’ with women holding the majority of lower-paid junior roles and far fewer reaching the top. Our recent data shows that the extra perks on offer in senior management roles are creating a gender pay gap that is wider than we previously understood. It’s essential that companies address this if they are to survive and thrive in the post-Brexit world. After all, it's in their interest - diversity delivers results.
For more information on the gender pay gap, visit: www.managers.org.uk/mindthepaygap
Twitter: @cmi_managers #MindThePayGap
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