Retailers narrow gender pay gap despite pandemic challenges
According to a new report by PwC and Diversity in Retail, whose founding members include Sainsbury’s and the John Lewis Partnership, the mean pay gap in retail dropped from 13.1% in 2018/19 to 11.8% in 2020/21.
A higher proportion of companies reporting a pay gap reduction between –15% and –10% meant that retail has performed better when compared with the wider market last year.
The report highlighted the different ways in which retailers addressed gender pay gap disparities in the past 12 months, including updating policies, introducing female progression development programmes, prioritising family-friendly and flexible working, focusing on diverse talent attraction and fostering inclusive cultures.
Retailers narrow gender pay gap despite pandemic challenges. !(https://dmrqkbkq8el9i.cloudfront.net/Pictures/780xany/2/8/4/256284_genderpaygap_285512.jpg)