UK businesses urged to publish gender pay gap information

15 Sep

Minister for Women and Equalities Theresa May has urged companies to publish pay gap information in a bid to improve pay and progress for women in the workplace.

While not forcing equality on businesses, Mrs May has instead urged a voluntary effort to ‘Think, Act, Report’ to analyse and publish the causes of  inequality in pay and promotion.

She said: “Go out and spread the message – not that it is an equality thing to do, because that tends to frighten the horses, but actually go out there and give the message that we have heard directly from companies and from the CBI that this makes good business sense. In a difficult economic climate you want to be attracting the talents of the best people, and this can be a tool in doing that.”

She added that better use of women’s skills could benefit the economy by £15bn to £23bn every year.

Katja Hall, chief policy director of the CBI, said: “We are very pleased that the framework is voluntary because this will help ensure that businesses have bought into the process and don’t feel that this is something being dumped on them.”

 

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