Why are Gender Diversity and Equal Pay So Important?
Taking action to address the gap in overall pay levels between men and women, known as the Gender Pay Gap, ensures a more committed workforce. The Gender Pay Gap, expressed as a percentage of male earnings, is a measure of the difference between male and female employees’ average hourly earnings. It is important to provide equal pay in order to contribute to a fairer society in which everyone has equal opportunities.
It is beneficial for all businesses to take positive action to reduce the gap in overall pay between men and women. It ensures organisations attract and retain the best talent giving businesses greater diversity of thought. Gender balance in management roles can improve decision-making, performance, and profitability.