Gender Pay Gap Reporting

In April 2017, the UK took a significant step towards pay gap transparency in the workplace by mandating all organisations with 250 or more employees to annually disclose their gender pay gaps. This regulation seeks to illuminate the disparities in average (median) hourly earnings between men and women, specifically highlighting the percentage by which men typically outearn women.

Seven years have passed since these regulations came into effect. Now, as we review the latest disclosures that were due by April 5th, the question arises: How effectively are the leading organisations in Consulting, Banking, Tech, and Law working to close this persistent wage gap? This report delves into the progress these sectors have made over the years, scrutinising both the strides and the stagnations in their journeys toward closing this gap.