Tags: ethnicity pay reporting
Gender pay gap reporting has come a long way since its inception as a voluntary measure buried in the Equality Act 2010. Today it is big news as employers with 250+ employees must publicly report their figure.
Gapsquare provide an amazing service to not only make this easy for employers to do but also make their data collection much more meaningful. This is why Equality Pays works closely with Gapsquare to ensure that employers are able to measure their pay gaps with accuracy and interpret the data easily.
I'm Michelle Gyimah, Director at Equality Pays a gender pay gap consultancy and I've been busy reviewing a number of gender pay gap reports. A large proportion of firms have stated that simply hiring more women at senior level is their plan to close their pay gap. With no more detail on why or how.
However this approach is not sustainable or effective for three reasons:
Actions for Partner Pay Reporting are great, but how do you make the data comparable? Here’s how.
A pioneering tech-startup has published unique guidelines on partner pay in collaboration with ten of the country’s best specialists and law firms, offering firms the most practical partner pay guidelines yet.
In the wake of the Law Society’s recommendations on reporting partner pay an innovative voice has emerged to offer a fine-tuned set of guidelines on reporting partner pay, including the exact equations to use in your calculations: “Having worked a great deal within the legal sector to support the gender pay reporting process, we knew that an issue was emerging around creating unified framework around partner pay reporting. We put together a working group focused on the data aspect of reporting partner pay and bringing together the wisdom of 10 voices in the sector” – Sian Webb, VP at Gapsquare
Oracle OpenWorld is an annual Oracle convention for business decision-makers, IT management, and line-of-business end users with Oracle. Gapsquare joined Oracle Open World in San Fransisco this year, bringing the pioneering idea that tech can and will help close the gender pay gap to some of the most innovative companies and organisations in the world. Check out Zara and Sian's trials and tribulations and learn how they 'broke twitter' ;) through this video series.
The Gender Pay Gap - What next for the public sector?
As we know, in April of this year regulations came into force requiring any business with 250+ employees to publish data relating to its Gender Pay Gap (GPG). The public sector has had to be ahead of the game, with a GPG publication date of March – although all the other rules applied in exactly the same way. The results were unexpected: according to the Office for National Statistics (ONS), men earned 18.4% more than women as of April 2017. Or viewed a different way, of the 10,000+ employers who met the reporting deadline, 78% paid men more than women, on average . The Public Sector complies with this clear trend and, whereas in the private sector the gender pay gap has decreased in the last twenty years, the public sector is just beginning to tackle the issue head on. Given the World Economic Forum’s projection that it could take a staggering 217 years to close the GPG, it’s great to see some proactive work in the sector and I look forward to seeing this progress. This article seeks to explore what’s going wrong, and what needs to be done to put it right.
Tags: public sector
Law firms are pro-active in looking at their data for answers on the gender pay gap, but can they lead the way?
Over the past year, all UK law firms with over 250 employees have had to disclose their gender pay gap as part of a new set of pay transparency regulations. These firms have been pro-active in doing so and have reported various pay gap figures. In the top 25 law firms by turnover, some have reported pay gaps as high as 39% median (Linklaters), and others as low as 12% median (DLA Piper).
Tags: Legal sector
At Gapsquare, we were proud that the Greater London Authority (GLA) chose to calculate their gender and ethnicity pay gap numbers using the Gapsquare Software, and inspired to hear that Patrick, their Human Resources Manager subsequently joined us on secondment to continue to address pay inequality with Gapsquare, and at the same time, build a better future for his daughters.
At Gapsquare, we are often reminding our clients of the subtleties when we talk about the gender pay gap. Although it’s the pay gap that is often used in the media as a blanket term for a symptom of workplace inequality, there are individual issues - return to work schemes, the impact of salary sacrifice programmes, issues in recruitment and retention and the impact (or lack of impact) of parenthood on our careers, that have to be taken into account. The pay gap in your company is complex and it is filled with lessons to help us improve as employers - but in the meantime, there’s a lot you can be doing to immediately improve your employees’ lives.
In this #NPW18 special our partner PayDashboard are taking on the importance of making the most of the marriage allowance and knowing your rights when it comes to pay, asking you to look at the short term, as well as long term opportunities for improving employee income.
Tags: Employee Allowances
Companies are increasingly looking at payroll data to identify inequalities, becoming adept at understanding pay gap and equal pay issues but it's time to move beyond this level of data, as we also begin to take in the tie-in between Savings and Share Plan take up and wider pay inequality - and in a world that requires us to understand these issues, knowing the facts has never been more important.
Tags: Share Plans
Welcome to the first #FridayThoughts blog from Gapsquare - which is based on our weekly newsletter.
The Gapsquare team like to keep up-to-date around the equality and diversity challenges facing companies and the discussions that result have inspired us to keep working to support change in the world of work. In our #FridayThoughts newsletter, we share the most debated articles from the Gapsquare office - Open to conversation and insights from you.
This week we have an award-winning campaigner and recruiter shares 5 Key Strategies for Closing the #PayGap & Building Truly Inclusive Workplaces, there's talk of the end of the 9-5 working day and some rather shocking statistics around the salaries of CEOs in the USA.
3 Minute Read:
5 Key Strategies for Closing the #PayGap & Building Truly Inclusive Workplaces