There’s been much talk in the media about the pay gap that affects women – reportedly that women will earn £500,000 less than men over a lifetime.
We thought we would ask an HR expert to come into our broadcast studio to talk about this. So we interviewed Dawn Nicholson, Partner at PwC about her ideas on how the pay gap could be closed. Here’s what she said:
‘There’s no silver bullet to sort out the pay gap for women, but flexible working, valuing talent and providing mentoring for women all help to increase women’s work opportunities and pay.
‘Employers need to do more to help their managers respond better to flexible working requests, taking into account workload and other resources in their teams.
On increasing the numbers of women on top FTSE boards Dawn Nicholson said:
‘Aspirational targets not quotas are best, but also openness in showing that a firm is developing younger women through the pipeline is essential. At PwC, female graduates are offered a range of opportunities when joining the firm for advancement’.
You can watch Dawn’s interview in The Broadcast PR Business studio at www.broadcastprbusiness.com.
Coverage of our latest ‘Women on Boards’ interview with Barclays’ Chairman, Marcus Agius, included features in Bloomberg Businessweek as well as finance.yahoo.
View the coverage on finance.yahoo.com
View the interview on our website
Barclays chairman, Marcus Agius, wants more awareness of how women are gradually reaching the top in business and achieving board positions on FTSE companies. Marcus has been talking to us about this issue and explaining how seriously Barclays feels about it:
“Diversity is central to Barclay’s citizenship agenda. We have some fantastic female role models at executive level including Maria Ramos who is Group Chief Executive of Barclays Africa with forty four thousand staff reporting to her. Valerie Soranno Keating is head of our successful Barclaycard operation. Twenty percent of the Executive Board is female. Now we are pushing for greater awareness.”
View our interview with Marcus Agius here.
Lord Davies of Abersoch, who leads the Government commissioned review into women on boards, also wanted to discuss the current situation with us:
“The good news is that 25% of all new board appointments to the FTSE are women. We don’t like quotas as we need to self-regulate but the more diverse the team the better the company performance.”
“Beyond financial services there is a strong talent pool of women, but headhunters need to identify them and chairmen need to interview them.”
View our interview with Lord Davies here.
Cranfield University has just brought out its 2012 Female FTSE board report and co-author Professor Susan Vinnicombe says:
“The past twelve months have seen a significant amount of global activity around diversifying boards.If the momentum we have seen since the Lord Davies review continues, we could achieve 30% women on boards in less than four years.”