2025 Social Mobility Consultations

In partnership with

Social Mobility

Economic inequality in the UK exacerbates social disparities, limiting career prospects for young people from disadvantaged backgrounds. Research shows that a person's background significantly influences their opportunities in life, including work experience, career aspirations, and interests.

Social mobility, defined by the OECD, refers to how a person's socio-economic status changes compared to their parents throughout their life, considering factors like earnings, social class, health, and education. In the workplace, it pertains to an individual's ability to advance within a company’s hierarchy, affecting access to training, salary, and professional standing.

Why is social mobility important for society?

Social mobility is a vital aspect of diversity, equity, and inclusion. It is linked to equality of opportunity, meaning that everyone should have similar chances regardless of their background or circumstance.

According to the World Economic Forum, the Fourth Industrial Revolution, characterised by rapid globalisation and technological advancements, has led to an increase in inequality. A report by the Institute for Fiscal Studies (IFS) found that social mobility in the UK is at its lowest point in over 50 years. This disparity highlights the growing gap between the wealthiest individuals and most of the population, emphasising the urgent need to address income inequality and promote economic inclusivity.

Focusing on social mobility is essential for creating a fairer society, and businesses play a crucial role in reflecting the diversity of the communities they serve. While progress has been made regarding ethnicity and gender, socio-economic diversity is often overlooked. Prioritising social mobility can help expand opportunities, promote inclusivity, and contribute to a more equitable future.

Why is social mobility important for business?

Diverse workforces are more innovative, unlocking new ideas and better equipped to face future challenges. In today's market, both employees and clients favour companies that prioritise purpose. PwC's research shows that 75% of respondents want to work for socially responsible companies. By improving social mobility through greater access to opportunities and investment in apprenticeships, businesses can generate a significant economic impact, potentially leading to a 9% increase in GDP, according to the Sutton Trust.