by Rob Moss
Originally published: February 28, 2017
Businesses with more than 50 employees should publish a breakdown of their workforce by race and pay band, an independent report commissioned by Government has proposed.
The recommendation comes just one month before new Regulations come into force obliging larger employers to disclose their gender pay gap data.
The Baroness McGregor-Smith Review, which is published today, has found that people from black and minority ethnic (BME) backgrounds are still being held back in the workplace, costing the UK the equivalent of 1.3% in GDP each year.
The economy could benefit by £24 billlion per year if BME staff progressed in work at the same rate as their white counterparts, said the report.