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11.9% – mind the gap

Is inequality in the workplace inevitable?

Episode 3

We know there’s a gender pay gap, we know that the average gap is 11.9% in UK businesses over 250 people – but why are we not seeing more improvement? Why do women lose when it comes to bonuses? And when can a low gender pay gap be a bad thing?

This episode’s panel holds nothing back. Find out why LGIM’s Dame Helena Morrisey believes that men having more life choices is key to women’s equal pay; why Liz Benison, the MD of Arriva, likens women self-selecting out the system to skiing in a whiteout; why the ICAEW’s Dr Jane Berney thinks that quotas are not a good thing (while others disagree) and why the CEO of the Fawcett Society, Sam Smethers, cautions against a one-size-fits-all-women approach to diversity in the workplace.

Business journalist Louise Cooper is back in the chair, guiding the conversation and gathering a lot of really helpful advice. Dame Helena guides on how best to negotiate a pay rise; Liz shows how very simple amends to language usage hugely increased the number of women taking up development courses; and the panel discusses the benefits of not asking candidates to disclose their current salary in job interviews.

Dame Helena Morrisey was Head of Personal Investing at Legal & General Investment Management at the time of recording.

Ready to act?

Inequality is not inevitable, but we have to create faster change. Start by improving diversity within your workplace. Here are some resources that could help you.

All views expressed on this podcast are those of the contributors and don’t necessarily reflect those of ICAEW or its members.

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