Born out of frustration after years of women in the city earning less than their male counterparts, the UK’s gender pay gap reporting regime has provided a sense of optimism amongst executives. Companies have been seriously concerned with the impact on their reputation. With the transparency of published figures, companies risk facing public backlash. With that in mind, many of the larger banks are beginning to pilot new schemes ranging from encouraging women to take on roles that are more male-dominated to attempting to remove gender bias from the recruitment system by anonymised certain information. Several other companies are aiming to pilot similar schemes focusing at the mid-career level for women and if those schemes prove successful to implement them on a larger scale.
Gender pay gap catalysing change for gender diversity amongst executives

About UK People Reward and Mobility Team
Our People, Reward and Mobility team in the UK advises on all aspects of employment law, both contentious and non-contentious, and covers the full range of pensions and employee benefits issues as well as all areas of immigration law.
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Stretched resources – immigration and gender pay
Two stories have made the headlines today, and both relate to stretched resources. The stories look at preparing the UK immigration system for after Brexit, and the Equality and Human Rights Commission (EHRC) enforcing employers to publish gender pay gap information.
Gender pay gap developments
A steady trickle of gender pay gap reports are now being published as 2017 draws to a close, leaving just over three months until the 5 April 2018 deadline for publication. However, analysis by the Financial Times suggests not all of the published results are accurate. Meanwhile, the Government Equalities Office (GEO) has published a toolkit to assist employers in calculating and publishing their gender pay gap data and then taking action to remove any gap.
Pay gap between younger and older workers
The pay gap between the under-30s and over-30s has risen by more than half in the last 20 years, as younger workers are still enduring the residual effects of the financial crisis.