Wednesday, March 29, 2017

Clean up your act on diversity, government tells FTSE companies - GUARDIAN

by Katie Allen 
Originally published: March 28, 2017
Publisher: theGuardian.com 

Business minister writes to FTSE 350 CEOs echoing calls for businesses to publish breakdown of workforce by pay and race

The government has written to the chief executives of the biggest UK-listed companies urging them to improve diversity and echoing a call to publish a breakdown of their workforce by race and pay band.

The business minister, Margot James, said all FTSE 350 companies should take up key recommendations from a recent government-backed review into race in the workplace by the businesswoman Ruby McGregor-Smith.

It concluded that helping black and minority ethnic people to progress in their careers at the same rate as their white counterparts could add £24bn a year to the British economy.