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Eva Keogan

Companies restructuring to avoid GPG reporting and using Brexit as a smoke screen

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Andy Milner

Has anybody worked out which 3 companies this is likely to be referring to..?

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Luuk Jacobs

Very interesting read and to a certain extend worrying if indeed companies are willing to spend money on restructuring their business to avoid reporting instead of putting this money towards supporting women in more senior roles (education & training, coaching, policy, etc.). 

It should be easy to identify which 3 companies in asset management are no longer reporting and see the reasons behind it. Main point remains here however that the GPG is not decreasing across the board and that clearly more needs to be done. It would therefore be so much more interesting to see what changes companies are making and ensuring these are communicated as well so that especially the asset management industry can learn from good examples. I mentioned last year in a blog already that making the GPG smaller is not going to be solved by a magical pill but will need years of changing diversity strategy, culture, policy, training and education.

Maybe this year is to early to name and shame but it is definitely time to better understand the data and address those dialogue those companies that have no visible and communicated plan.

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Eva Keogan

Direct quote from Investment Week: The number of firms in the UK reporting their Gender Pay Gap (GPG) figures by the deadline has fallen by more than a thousand, amid claims firms have restructured businesses or transferred staff to avoid being obliged to report, or have ditched reporting altogether under the perception they will not face repercussions.

 

Is anyone working for a company which has done this? Is it time to name and shame as has been threatened before? Your thoughts are welcome.

 

This is quite worrying to read and it's not just Investment Week which has reported on this but to down size companies so they are below the 250-person threshold for reporting is incredibly cynical. Has anyone found evidence of this? Also, using Brexit as a smokescreen is not going to wash next year.

 

 

iwgenderdiversitypaygap012V3-370x229.jpg
WWW.INVESTMENTWEEK.CO.UK

More than 1,000 fewer firms reveal figures

 

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