PwC finds its working-class group of workers are paid 12% not up to their friends

PwC has printed that fewer than a 5th of its group of workers come from a working-class background — and they’re generally paid 12 consistent with cent not up to colleagues.

The accounting company, disclosing the figures for the primary time, stated that 14 consistent with cent of its 21,000 workers in Britain come from a decrease socioeconomic background, which was once outlined as having the mother or father who earned probably the most operating in a regimen, guide, craft or provider career.

PwC printed the statistics after 80 consistent with cent of group of workers shared main points in their highest-earning mother or father’s career. Kevin Ellis, chairman and senior spouse of PwC in the United Kingdom, stated: “The pandemic has highlighted, and in lots of circumstances higher, the inequalities present inside of our society, so we consider now could be the suitable time to increase at the information we accumulate and post.

“Making improvements to get entry to to alternative and striving in opposition to a society the place an individual’s occupation is in response to their doable and now not their background stays a concern for PwC, and for me in my view.”

Its annual record additionally confirmed earnings emerging by way of 2 consistent with cent to £4.4 billion within the 12 months to the tip of June. Distributable benefit consistent with spouse rose 26.7 consistent with cent to £868,000. Ellis was once paid £4.4 million, up from £3.4 million a 12 months previous. The pay ratio between the chairman and the median PwC worker rose to 82:1 from 63:1 a 12 months previous.

PwC stated it had an motion plan in position to extend social mobility in the course of the recruitment, building and development of its workers. The company measured its incapacity pay hole for the primary time and located that disabled group of workers are generally paid 16.8 consistent with cent not up to their colleagues.

Gender and ethnicity pay gaps are final. The median gender pay hole, together with companions, was once 10 consistent with cent, down from 11.6 consistent with cent closing 12 months.

The ethnicity pay hole has closed at -0.3 consistent with cent, when put next with 3.5 consistent with cent a 12 months previous.

PwC’s disclosure comes every week after rival accounting company KPMG stated it was once aiming for 29 consistent with cent of its companions and administrators to come back from a working-class background by way of 2030.


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