Business benefits
Businesses benefit from taking steps to address pay gaps in their organisations. Companies that treat staff fairly are more productive, find it easier to retain skilled staff, and ensure that they have a positive corporate image.
Scottish Enterprise and Careers Scotland are committed to equal opportunities both as an employer and as a service provider. Being a partner in the Close the Gap project is an important element of our work. We would encourage Scottish business to embrace pay equality and realise the business benefits, such as improved recruitment and staff retention, that this can bring.” Charlie Woods, Chief Economist and Senior Director of Strategy, Scottish Enterprise
Organisations also benefit from developing transparent pay structures that are easy to maintain and to derive human resource management information from. Addressing barriers to women’s representation at senior management level gives organisations confidence that the most skilled and talented individuals are in key decision-making roles. It also enables businesses to predict more accurately the needs and wants of their customers.
Reviewing pay structures also mitigates the financial and reputational risks of employees bringing equal pay cases.
Close the Gap has successfully worked with businesses on a confidential basis to support them in identifying and addressing issues with pay and progression within their organisations.
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