From spring 2020 companies will be required to report pay ratios for the first time.
What do we expect to see? And will it change anything?
The first mandatory pay ratio disclosures will appear in the UK's leading companies' annual reports from spring 2020. UK listed firms are now required to disclose their CEO's pay as a multiple of their median UK employee, as well as the thresholds for the top quarter and bottom quarter of earners across their UK workforce.
With income inequality in the UK amongst the highest in the developed world, the new disclosures will inform a vital debate about the scale and causes of pay differences at our biggest employers. However, the success of the new initiative depends on firms not only reporting their pay ratios, but also engaging with the debate about inequality and explaining to both internal and external stakeholders how their pay practices align with the company's business strategy and how this in turn aligns with the interests of wider society.
This event will discuss the value of pay ratio disclosures and how they can be most usefully applied, ahead of a major piece of research undertaken by the High Pay Centre and supported by the Standard Life Foundation, analysing the first tranche of disclosures in 2020. Building on this the National Centre for Social Research will present new analysis of attitudes to pay across Europe. This analysis, based on recently released data from the European Social Survey, tells us about how British citizens feel about high and low pay, and how these views compare with citizens of 18 other European countries.
Registration starts from 2.30pm with the event beginning at 3pm prompt. Please let us know if you have any access requirements.
Registration for this event is mandatory to gain entry to the building. A limited number of tickets are available from https://working-9-to-5.eventbrite.co.uk
Speakers to be announced.