The new gender pay gap regulations provide an opportunity for change, are companies seizing them the right way?
Last week, the Financial Times reported that “1 in 20 companies who have submitted their gender pay gap data to the government have reported numbers that are statistically improbable and therefore almost certainly inaccurate.” One of these companies is fashion brand, Hugo Boss (who have since changed their numbers and now reporting a 32.6% mean and 76.5% median gender pay gap), a MacDonald’s franchise, an international car-parts manufacturer and a branch of national charity Age UK.
In some cases, the reports were most likely due to error, in fewer still probably because of plan to deceit, but mostly this happened because of misunderstanding of what the gender pay gap is.
Want to hear more about general UK trends in the gender pay gap? Click below: