Linstock’s Friday Takeaway – 12 February

“Firms employing more than 250 people will be forced to reveal the size of their gender pay gap from next year.”

Good Week: Gender Pay Gap
Women and Equalities Minister Nicky Morgan announced yesterday that firms employing more than 250 people will be forced to reveal the size of their gender pay gap from next year. Companies will then be ranked according to how fairly they remunerate their male and female workers in an effort to transform the behaviour of firms failing to make progress on the issue. Many see the move as a welcome step in seeking to ensure workplace parity, though the CBI has already questioned how effective “naming and shaming” firms will be, and argues that a ranking table will not sufficiently account for how employment complexities affect differences in pay.

Bad Week: Google
Google’s President for Europe, Africa and the Middle East appeared tongue tied yesterday when asked about his salary by the public accounts committee as part of an investigation into the firm’s tax arrangements. Matt Brittin wavered between insisting that he’s under no obligation to reveal the figure and telling the committee he didn’t know. The ensuing social media uproar underlines the importance of being properly briefed ahead of public appearances, especially on potentially awkward lines of questioning.

Good Week: Creative Access
Creative Access, a diversity charity whose mission is to change the face of media, announced the placing of 500 black and minority ethnic (BAME) interns across 13 creative sectors this week. The move marks a significant milestone in the drive for greater workplace diversity, something which a growing body of evidence shows provides tangible business benefits. Since launching in 2012, Creative Access has worked to ensure that young people from BAME backgrounds are represented in the creative industries with support from the Government and over 200 industry partners, including Linstock Communications.

Bad Week: Print Media
The owner of the Independent, Evgeny Lebedev, is said to be considering publishing the newspaper exclusively online, having announced the sale of cut-price national paper the i for £25m. Alternatively, the Independent may well look to the example set by the Times, which posted its first operating profit in a decade two years ago, by shifting to focus on digital output and implementing an online pay wall. Despite the advancement of digital technology there will no doubt be those who prefer turning a printed page to endlessly pressing buttons on an iPad.

Client News
Retirement Advantage’s new research revealing how stock market volatility is impacting pension savers was covered by This is Money. The findings from the pensions specialist reveal that 8% has been wiped off the value of a typical drawdown facility since April 2015. This comes after a week of further market volatility around the world and concerns over the pace of future economic growth.

A leading Danish green technology company, Amminex, featured across a number of influential UK industry outlets discussing potentially ground-breaking research. The clean-tech company has successfully carried out trials on London buses with new technology able to reduce heavy-duty diesel engine NOx emissions by up to 99 per cent.

Coming Up
We’ll be attending a lecture entitled ‘Can Imagination Change the World?’ to explore how the power and failures of imagination can be applied across a range of industries and sectors to transform society.

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