Equality | PMI's HR SVP on stamping out pay gaps

PMI's HR SVP on stamping out pay gaps

Pay discrepancies have long been a talking point for both employers and employees. In the UK, much work has been done to combat the gender pay gap. For example, every year since changes to the Equality Act came into force in April 2017, companies with more than 250 employees are legally required to report their gender pay gap figures by the end of the financial year. Despite this, there is still a vast difference in what men and women are taking home.

Data shared this year by Paymentsense found that eight in ten UK companies are still paying men more than women. According to the firm’s research, the UK average gender pay gap is 17.9% meaning women earn £4,861 less than men and actually work 41 days for free – a shocking figure despite efforts to reveal employers who are discriminating against genders.

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