News & Thoughts

Today is International Equal Pay Day; a significant date on the global calendar with the intention of raising awareness about the fact the gender pay gap continues to persist in the modern world. There shouldn’t be a gender pay gap, but whilst there is, days like today will serve as a reminder of this economic disparity and also of the continued efforts needed to achieve pay equity across the globe.

Growth and recruitment are always forefront in managers minds, but employee retention should also be something you keep as a priority. The overall staff turnover rate across the UK as of 2023 was approximately 34%. Whilst the finance industry tends to have a lower turnover rate compared to other sectors, retaining talent across accountancy and finance is critical; the costs of replacing staff can be a lot higher.