As part of its annual report, published on 15 September, the professional services group PwC for the first time revealed the “socio-economic background” pay gap for its UK employees. The move comes just a week after industry competitor KPMG published its own socio-economic background pay gap and decided to set a minimum threshold for working class employees in senior positions (see article n°12670). PwC, which employs 22,000 people in the UK, also reported its disability pay gap for the first time.
The median socio-economic background pay gap at PwC, which conveys the difference in pay for employees from a lower socio-economic background, indicates that such staff are paid 12.1% less than colleagues. The professional services group has been able to reveal the figure thanks to 80% of its staff disclosing the occupation of their highest-earning parent. According to the firm, the disclosure shows that 14% of staff come from a lower socio-economic background. PwC also says that the socio-econ
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