Lloyds Says Black Employees Are Paid 20% Less Than Peers

The video discusses the ongoing issue of underrepresentation in companies, particularly at senior levels. A report highlights pay gaps, with black employees earning significantly less than their peers. Despite some progress in hiring minorities, there's still a lack of representation in leadership roles. The company has initiated an action plan to support and grow black employees, including appointing Claudine Reed as the new chair of the Black Business advisory committee. The company is committed to transparency by making their metrics public and taking steps to improve diversity and company culture.

What is a major challenge companies face regarding diversity at the top levels?

• Excessive training costs

• High turnover rates

• Underrepresentation of minorities

• Lack of qualified candidates

According to the report, how much less do black employees earn compared to their peers?

• 40%

• 30%

• 20%

• 10%

What is the bonus pay gap percentage between black employees and their colleagues?

• 27.6%

• 37.6%

• 47.6%

• 57.6%

What role has Claudine Reed been appointed to?

• Head of Human Resources

• CEO of the company

• Chair of the Black Business advisory committee

• Chief Diversity Officer

What is a notable step the company has taken towards improving diversity?

• Reducing working hours

• Hiring more senior executives

• Making their diversity metrics public

• Increasing salaries for all employees