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It’s time to face our uncomfortable truths

Nine months on from when the UK government closed its consultation on ethnicity pay gap reporting, we have yet to hear anything on the outcome. Some companies have started looking at their ethnicity pay gaps voluntarily, others have no idea where to start, and there will be others that just do not feel the need to look at whether they have a gap.

There is very little data on the pay gap in the world of real estate, with only CBRE and Cushman & Wakefield so far making their reporting public. But both have reported double-digit figures. At Cushman, the median pay gap is 24% and bonus gap is 57.1%. The figures are based on incomplete data, however, with the firm admitting that it currently only has ethnicity data for 64% of its employees. At CBRE figures were a little better, with a median pay gap of 14% and a bonus gap of 40%. It has ethnicity data for 83.3% of its workforce.

Gender pay gap reporting, which became mandatory for firms with 250 employees or more in 2017, has led to an increase in actions tackling gender inequality within businesses. Could ethnicity pay gap reporting to the same from a race perspective?

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