Gender Pay Gap reporting has made the headlines again this year. While some news was positive, on the whole there was no real significant improvement between 2017-18 and 2018-19.
According to Lucy Franklin, Managing Director of Sovos Accordance VAT, this is disappointing, and has prompted responses ranging from outrage about the results to despair about the process, with a healthy dose of weak excuses thrown in for good measure.
In the criticisms and reporting, we run the risk of getting mired in the process, not the impact. Gender Pay Gap reporting represents an immense opportunity to identify if and where there are issues within a business. Visibility is the first step towards progress – and the gender pay gap is an issue we need progress on.
That said, I know that adopting new reporting obligations can be onerous – finance is full of filing and submissions, and…