Change the Race Ratio comments on the launch of the Government’s consultation on Mandatory Ethnicity Pay Gap reporting
Richard DeNetto CEO, Change the Race Ratio comments;
“Pay gap reporting adds an important level of transparency and helps businesses to understand representation gaps in their workforce, enabling them to take more targeted action. Our members have been leading the way with 79% now voluntarily reporting their ethnicity pay gaps. Our members have seen the benefits of reporting as a part of their strategy to create a more equitable workplace. We welcome this consultation and stand ready to share our members experience to ensure this measure works for business and helps to drive meaningful change for ethnic minority employees.”
Change the Race Ratio members comment on the importance of ethnicity pay gap reporting
Nathan Coe, CEO of Auto Trader plc said:
“At Auto Trader we have a strategic commitment to create a representative workforce across all levels of our organisation. We pursue our aim both authentically and systemically, expecting to see improvements in metrics, but not being driven solely by the pursuit of metrics. We believe it is important to remain accountable and transparent which is why we publish our ethnicity pay gap.”
Danny Harmer, Chief People Officer, Aviva plc, said
“Our ambition is for our people to reflect the customers and communities we serve. We are using data to drive improvements and our ethnicity pay gap report is a fundamental source of that data.”
Fiona Vines, Group Chief Inclusion Officer, BT plc said
"Having a workforce that reflects our customers is mission critical for BT Group to ensure our products and services are accessible and inclusive by design. That’s why we are committed to building an equitable and inclusive culture across our business. Ethnicity pay gap reporting is very important because it shines a light on the systemic causes of inequality. Only by asking the question about what is driving the pay gap, can we see the changes we need to make, both inside and also beyond our organisation."
Muniya Barua, Deputy Chief Executive of BusinessLDN, said:
“Diverse teams give businesses a competitive edge by helping them better understand the needs of their customers, suppliers and staff.”
“To accelerate progress, we support the Government’s plans to introduce mandatory ethnicity pay gap reporting – for firms with more than 250 staff – so that this data can be used to help tackle the inequity that different groups face. London has the most diverse workforce in the country but we must do more to tackle the pay gap and ensure talented individuals can succeed regardless of their background.”
