How social class can affect your pay

Financial Times journalist, Naomi Rovnick, discusses how professionals from elite backgrounds earn more than peers from working-class families with CEO, John Craven.

Research published by Professor Daniel Laurison and Dr. Sam Friedman identifies a “class ceiling” in the professional workplace where social background impacts employees’ salaries. Highly qualified employees in the City and elite professions were paid less according to their social background. This can be attributed to their lack of ‘polish’ and networking acumen. Although skilled and highly-qualified, professionals from less-privileged backgrounds lack the soft skills to further their career progression as successfully as those from more-privileged backgrounds. Whilst employers are making conscious efforts to recruit from a broader range of candidates, there is still limited focus on the relationship between social background and career progression.

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