“We know that many companies are taking action to tackle the issue around gender pay head-on, for example, Salesforce, and today’s results show that we are starting to see the signs of this.
“We must create a world where work is fair and inclusive, where pay meets value, and where diverse talent thrives. Employees today are smarter, more connected and more proactive about equality in the workplace than ever before. We should be using the volume of technology and data available to us to help focus minds and make gender pay parity a key management issue.
“Attempting to resolve the issue of pay inequality is not enough on its own; we need to focus our efforts on innovatively reworking the employment system. Research from the World Economic Forum has shown that jobs in increasing demand that are female dominated only average £28,053 per year, while those that are male dominated average over £46,000. What we need is societal change, an innovative rewiring of jobs, coupled with a new approach to reward and compensation.
“The gender pay gap goes beyond a renumeration issue. Businesses need to ensure women receive better opportunities and start tackling gender inequality from new angles. This restructuring of workplaces is about making voices heard, talent seen and reconsidering what leaders look like.”