Melanie Richards, Vice Chair at KPMG responds to the plans announced by the Government today to tackle the gender pay gap:
“This is an important step forward and keeps the spotlight on equality within Britain’s businesses. By defining the scale of the problem leaders can then begin to tackle the wider issues driving it.
“However the gender pay gap is symptomatic of wider issues inhibiting equality in business. In order to achieve true and long lasting pay parity we must pull female talent through the middle layers of management and encourage these individuals to go for the top jobs. This is a particular area of focus for our firm.
“We have already begun to measure, review and publish the gender pay gap at KPMG but pay is just one piece of the puzzle. In order to create the conditions for true equality we need to overhaul antiquated recruitment strategies to widen access to the professions, challenge the way we promote and reward and look at the true diversity of those leading Britain’s boardrooms. Only by getting all of these elements right will we truly effect long lasting change.”
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.