Source · Select Committees · Treasury Committee
Recommendation 19
19
Gender pay gap reporting fails to incentivise action for reducing large pay gaps.
Conclusion
Gender pay gap reporting has increased transparency around pay gaps, but it has not incentivised firms to take action to reduce pay gaps in the way that had been hoped and we are concerned by the evidence we heard that suggests large pay gaps in financial services have come to be accepted as the ‘norm’. (Paragraph 106) 42 Sexism in the City
Government Response
A response document is linked to this report, dated 14 May 2024. Response attribution to this conclusion has not been verified. Read the response document ↗