“The colour of your skin should have no bearing on what you can achieve... understanding the scale of this inequality is the first step in tackling it".Sadiq Khan, London Mayor
Tags: ethnicity pay reporting
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.
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
We were excited to see that the UK Government has released 'Actions to close the gender pay gap', a toolkit of key ideas on how you can take on the pay gap and work to close it. The actions are things such as 'Include multiple women in shortlists for recruitment and promotions' and 'Introduce transparency to promotion, pay and reward processes', which are, in our view, some brilliant ideas for moving forward on the pay gap and for the wellbeing and retention of your staff as a whole.
However, we also wanted to draw your attention to the following statement in the toolkit:
"Employers who use high quality data to understand the drivers of their gender pay gap will be able to target their actions and therefore deliver the most effective results."Our VP, Sian Webb puts it as follows: "A blanket approach to closing the gender pay gap, whilst it has its benefits and reveals some of the important actions companies must take to improve workplaces across the board, misses the importance of tailored, appropriate approaches to the gap. It is, as the government toolkit mentions, important to understand your data before you start investing heavily in actions that are not appropriate or helpful to your employees, and which won't close the gap. Companies could potentially be wasting a lot of time and money, and having no impact whatsoever'.
Osborne Clarke, an International legal practice, with offices situated around Europe, Asia and the USA and Gapsquare, leading provider of pay disparity and pay transparency analysis tackle key issues around completing equal pay audits.
Tags: Equal Pay