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How well is accountancy performing on gender equality?

Balfour Beatty gender pay gap widens

The UK’s biggest construction contractor, Balfour Beatty, has revealed that its gender pay gap widened over the last 12 months. Balfour’s gender pay gap

Is construction closing its gender pay gap?

How to: Close a pay gap

The purpose of legislation that requires businesses with a headcount of 250 people or more to disclose gender pay gap data is not to enforce an annual round of self-flagellation. The transparency that gathering and publishing information provides aims at driving change. Yet the response of some elite firms to the first year of mandatory reporting, in 2018, was to meet the letter, but not the spirit, of the law. While equity partnership in such firms is the glittering prize that many junior lawyers aim for, some firms excluded partner earnings from their first report. Slaughter and May, for example, reported a median pay gap of 38.5% – but its exclusion of partners earned the firm derision in parliament and the press. In 2019, suitably chastened, the firm included partners – and the gap jumped to 63.6%. In common with many firms, Slaughter and May also chose to measure its race and ethnicity gap (51.1% in 2019).

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