Why Won't Companies Release Gender Pay Data? It's Embarrassing
- Fewer than 600 have reported salary data for men and women
- “There’s a need for companies to explain” any big differences
Arjuna's Lamb Says Pay Gap Issue Is a 'Tipping Point' for Citigroup
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Less than three months before a deadline for reporting the pay gap between men and women, British companies are holding off releasing data, reluctant to be the first to reveal potentially embarrassing information.
Fewer than 600 of the 9,000 companies required to report have done so as many seek to avoid scrutiny, says Rupert Younger, director of Oxford University’s Centre for Corporate Reputation. One concern is that while pay for equal roles may be comparable, aggregate salary numbers will show large gaps because men often outnumber women in senior positions.