(8 years, 7 months ago)
Commons Chamber17. What steps she is taking to tackle the causes of the gender pay gap (a) in general and (b) in STEM careers.
Closing the gender pay gap is good for women and, of course, for employers and our economy. That is why we are requiring large employers to publish their pay gap data. Occupational segregation is one of the main causes of the pay gap, which is why we have announced the ambition of a 20% increase in girls taking A-level maths and science by 2020.
I thank the Minister for that answer. A continuing cause of the pay gap is the lower incidence of women studying science and engineering at university. Does she agree that closing the STEM gap is a prerequisite for closing the pay gap?
(8 years, 12 months ago)
Commons ChamberWe are making real progress in increasing the number of women on public boards, with 44% of new appointments going to women last year, up from 39% in the previous year. Steps to increase diversity include streamlining the application process and increasing awareness of opportunities via a central website and social media.
There has been success in non-executive roles on boards but much less success in decision-making, operational roles. Only 8% of FTSE directors are women in executive positions. Does the Minister agree that quotas that focus on the wrong metric could undermine progress in this key area, which is judge and jury of success in this regard?
I completely agree with my hon. Friend that there is an abundance of talented women who have the right skills and experience for board positions. Government and business must work together to level the playing field and encourage those women to work their way up the executive pipeline. That is why the Government will establish a new review focusing on that all-important executive layer in FTSE 350 companies.