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.
Gender pay gap reporting falls as asset managers unveil mixed results
More than 1,000 fewer firms reveal figures
The Investment Association just published their report "CLOSING THE GAP: ADDRESSING THE GENDER PAY GAP" which in part 3 looks at the "Industry Initiatives for Change". A very welcome publication that gives a good summary of what our industry (although I would think any industry) can do to close the gap, concentrated around:
Attraction and recruitment;
Retention and advancement; and
When reading it, I still come away with the feeling that it does not go beyond the standard and is not necessarily addressing cultural issues as indicated in my earlier blog or is moving away from the beaten path.