Addressing the gender pay gap could boost UK GDP by £150bn; a new CBI member guide helps firms take their next steps.
13 Jun 2019, 2 min read
Achieving gender equality in the workplace is one of the greatest opportunities available to business today, and there is plenty that companies can do to make it happen.
In Mind the gap – a new guide exclusively for members – the CBI helps firms to learn from each other and practically tackle their gender pay gaps. The guide also identifies the true size of the prize to the UK economy: bridging the gender pay gap could boost UK GDP by up to £150 billion by 2025, and could help get up to 840,000 more women into work, according to research by McKinsey.
Though there is no one size fits all approach to tackling the gender pay gap, Mind the gap recommends four actions that will help companies to make significant progress:
- Use data to uncover and tackle barriers that women face in the workplace
- Improve attraction, recruitment and progression of women
- Ensure leaders champion diversity and make it a shared pr
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