Professional services firm and Business in the Community race equality campaign leadership team member, PwC have published figures showing that Black, Asian and Minority Ethnic (BAME) staff earn significantly less than other employers.
Largely due to working in administrative and junior roles, BAME people within the organisation earn 13% less, but by publishing the data, PwC hopes that progress on addressing the issue will be accelerated. The publishing of BAME pay is not currently mandatory.
Sandra Kerr OBE, Race Equality Director, Business in the Community, said: “I welcome PwC’s decision to publish their pay data breakdown by ethnicity. They have shown that gathering data and being transparent about the current picture is the best place to start, as this enables employers to identify which areas to focus their action on in order to tackle disparities within their workforce.
“As this data shows, BAME employees remain under-represented in senior positions – just one in 12 managers and one in 16 senior managers comes from a BAME background. This can have a considerable impact on businesses’ bottom lines; McKinsey research shows that the most ethnically diverse companies are 35% more likely to financially outperform the least diverse organisations. Our ‘Race at Work’ report also found that BAME employees are more ambitious than their White colleagues, yet are less likely to be on fast-track programmes which often determine who progresses to the top jobs. Employers can address these gaps through monitoring representation on fast-track programmes and providing unconscious bias training to those involved in progression and appraisal processes, which can help to identify barriers to BAME employees’ progression. It is also important where possible that there is diversity in the teams making selection decisions for recruitment, development opportunities and promotions. This will enable all organisations to truly reflect the clients, customers and communities they serve.”