The Government Equalities Office (GEO) is shortly to publish draft regulations for gender pay gap reporting as part of its drive to bring about gender equality in the workplace.
It’s a critical business issue: McKinsey estimate that the UK could add £0.6 trillion of additional annual GDP in 2025 by fully bridging the gender gap.
I’ve written extensively about the gender pay gap in PR and look forward to seeing how far the regulations go. As ever the devil will be in the detail.
The GEO has already shared ‘Trailblazing Transparency: Mending the Gap’, a report produced with Deloitte and sponsored by Think, Act, Report which documents some of the challenges, opportunities and innovative action businesses are taking to successfully tackle this problem.
I’d urge you to read this. Not only is it jam packed with help and best practice on how to tackle the problem within the workplace, it sets out exactly what the benefits for organisations are.
We all have a role to play in closing the pay gap. Those in public relations also have a responsibility to accelerate the rate at which this happens. After all, a female-dominated industry like PR should be an exemplar to other sectors.