PwC highlights class pay gap

ACCOUNTING giant PwC will for the first time publish details of the pay gap between its employees from different social classes.

The audit firm will reveal the pay differential between those from a ‘lower socio-economic background’ at one end, and the ‘professional’ class at the other. The company said the lower category is being defined as those whose parents held jobs such as labourers, while the professional label is for those whose parents had senior roles or managerial positions.

The findings will be published this week alongside details of the firm’s gender pay gap.

Laura Hinton, PwC’s chief people officer, said the information will allow the company to ‘set targets’ on closing pay gaps.

Rival KPMG is aiming to have those with workingclass backgrounds represent 29 per cent of its partners and directors by 2030.