diversity

More Diverse Workforce Could Generate £24bn For UK Economy

More Diverse Workforce Could Generate £24bn For UK Economy

The UK economy would receive a £24bn boost if workplaces were more diverse, a new report has found. The Baroness McGregor-Smith Review, published by Baroness McGregor-Smith CBE, has suggested that UK GDP would increase by 1.3% annually if black and minority (BME) workers were given the same opportunities as their white colleagues. Currently, BME employees are more likely to be in low-paid, low-skilled positions – despite the fact they are more likely to have a degree. Just 6% of BMEs currently reach senior management positions, and have a 12% lower employment rate than their white counterparts. In a bid to help increase equality and diversity in business, enterprises with more than 50 employees have been urged to: Publish a breakdown of their workforce by race and pay band Draw up five-yea... »

Challenge: Diversity & Equality in Small Business

ACCA and the FSB host discussion on SMEs and the Equality Bill. Small and Medium Sized Enterprises (SMEs) will need to be increasingly mindful of equality and diversity issues long after the controversy over the Equality Bill has died down, according to a panel of experts from academia, business and politics. The experts gathered at a debate called Equality and Diversity in the SME sector: after the bill, organised by ACCA (the Association of Chartered Certified Accountants) and the Federation of Small Business (FSB). »