PQ magazine is for part qualified accountants.
Read the latest web issue here – if you like what you see sign up today
PwC publishes BAME pay gap
PwC has revealed that its UK Black, Asian and minority ethnic staff (BAME) earn 12.8% less than other employees.
The Big 4 firm recently became the first organisation to publicly report its BAME pay and bonus gaps. The bonus gap was even larger currently standing at 35.4%.
Analysis shows, says PwC, that the pay gap is driven by the fact that there are more non-BAME staff in senior, higher-paid roles and more BAME staff in junior administration roles.
PwC emphasised that it was publishing the data because it wanted to help speed up progress on this issue and help it to tackle “ethnicity challenges”.
PwC’s senior partner, Kevin Ellis, said: “While our analysis shows that we pay our BAME and non-BAME employees equally for doing equivalent jobs, it does reveal that we have an imbalance at the senior levels of our business.”
He felt that the more transparent the firm is with its diversity and social mobility data the more it holds itself to account to achieve real change.
PwC also publishes its gender pay gap, which for 2017 was 13.7%, down from 15.2% in 2016.
[«all Career Advice]
Subscribe to RSS