by Annie Makoff
Originally published: February 28, 2017
Government review urges organisations to publish detailed figures on ethnicity and pay, but experts advise caution on quotas
The UK economy could enjoy an annual £24bn boost if staff with black, minority and ethnic (BME) backgrounds enjoyed the same career progression opportunities as their white colleagues, according to figures from an independent government-backed review.
The newly published Baroness McGregor-Smith review found that BME employees are still being ‘held back’ from workplace opportunities because of the colour of their skin, resulting in a loss to the economy equivalent to 1.3 per cent of GDP.