duncan exley director twitter: @equalitytrust

Duncan ExleyDirector

www.equalitytrust.org.uk

twitter: @equalitytrust

FTSE 100: average pay (red area) compared to CEO pay (blue area)

 What the average person thinks it should be

6:1

FTSE 100: average pay (red area) compared to CEO pay (blue area)

 What the average person thinks it should be

6:1

What it actually is:

183:1

Health and Social Problems Worse in More Unequal Countries

Index of:

•Life expectancy•Maths & Literacy        •Infant mortality•Homicides•Imprisonment•Teenage births    •Trust•Obesity•Mental illness – incl. drug & alcohol addiction•Social mobility

Other impacts of inequality

Economic (Instability & crises, Debt, Inter-regional inequality, Decreased productivity, Deceased consumer spending-power).

Distrust of institutions (public, private, and voluntary sector).

Public AttitudesIpsos/Mori (August 2015): Inequality/poverty is 4th most important issue facing Britain.

82% of the public say “the gap between those with high incomes and those with low incomes” is “too large”(British Social Attitudes Survey, Released 2013)

Addressing inequality in procurement: why?

Pressure on internal pay and job security

False economy, especially for public-sector organisations

PR implications

Addressing inequality in procurement: paths to change

(from local authorities)

Addressing internal practices

Policy + structures +culture

Public statements of intent

Audit of effect

Inequality-reducing, performance-enhancing practices

“As if the whole workforce matters”

Some = probably beyond procurement• Moderating top pay, incentives, • Extending bonuses / profit sharing • employee role in decision-making• Limiting ratio between top & average pay • Training / progression plans

Low pay

Inequality-reduction: other factors

Spending

“Local industrial policy”

Policy objective

Addressing inequality Creating a culture

(from local authorities)

Stakeholder, experts, practitioners

Human story

Link impacts & actions

Business case

Duncan ExleyDirector

www.equalitytrust.org.uk

twitter: @equalitytrust