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
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'.