According to reports, the UK Prime Minister is considering a mandatory report that will require companies to report on wage pay based on race. This new charter is based on last year’s “race disparity audit which revealed that ethnic minority employees bore the brunt of significant disparities in pay.”
Companies that have signed up to support the new charter include KPMG, WPP, the Royal Bank of Scotland (RBS), “NHS, Standard Life Aberdeen, Saatchi & Saatchi and banking giant Lloyds, which is the first FTSE 100 company to set a goal to increase the representation of ethnic minority employees at senior levels.”
Currently, the charter is in a review status and is looking to see what, if any, company would be willing to report the information. “The consultation, which will remain open until January 2019, will ask employers what they think of mandatory ethnicity pay reporting. Currently only a small number of organisations publish such information on a voluntary basis.” The charter will focus on businesses with over 250 employers.