D&I | New data highlights shocking workplace inequality

On 6 April 2017, regulations requiring businesses over a certain size (250 employees) to publish data on their internal gender pay gap came into effect.

The first of these annual reports was published one year later in April of 2018. As a result, many businesses in the UK such as the BBC faced much criticism for their financial imbalances between male and female employees.

Whilst the transparency around this data has led to a much larger movement around equality within the workplace, gender imbalance is still a key issue in most companies – both in terms of financial compensation but also in position. In fact, new data from RAJA UK has found that since 2010, gender equality has only improved in the workplace by three per cent.

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In 2018, McKinsey’s Delivering Through Diversity report showed the statistical significance of diversity in leadership. When it came to women in executive positions, the study confirmed that companies in the top quartile for gender diversity on their executive teams were 21% more likely to have above-average profitability than companies in the fourth quartile.