Gapsquare Blog

Press Release: Data innovators combine forces to launch 'Fast-Track GPG' service

Posted by Gen Analytics on Jan 14, 2020 11:34:48 AM

GenAnalytics Ltd, a data insights and analytics consultancy, and Gapsquare, a payroll data specialist and fair pay software company, today announced the launch of a collaborative package designed to help companies easily, efficiently and accurately comply with UK gender pay gap reporting legislation. 

Almost 12,000 companies in the UK, who employ more than 250 staff, must publish their gender pay gap figures on an annual basis i.e. the difference between male and female earnings across the organisation. 

With the third year of gender pay gap reporting currently underway, the need for companies to continue to differentiate their narratives and action plans from competitors is at the forefront of C-Suite agendas. Gender pay analytics can be complicated and time consuming and with 1 in 6 employers reporting incorrect data in 2018, the pressure is on to get pay gap data right. 

The Fast Track package, drawing on the expertise of both GenAnalytics and Gapsquare will streamline companies’ reporting process and keep it simple. The package includes:

  • Fast tracked data analytics ensuring compliance with gender pay gap reporting legislation (including access to the Gapsquare software)
  • Or Verify existing gender pay gap data to ensure accuracy prior to reporting
  • A tailored gender pay gap narrative action plan
  • A fully designed report that can be uploaded to the UK Government’s gender pay gap portal

Find out more

Jane Gotts, Director, GenAnalytics said “Our vision is to deliver greater insight and information to our clients around Gender Pay Gap analysis. We are delighted to be working with Gapsquare to offer this service to companies across the UK. We both share the same vision to support companies to understand and ultimately close their gender pay gap as we know that diverse companies perform better than their competitors. 

 Dr. Zara Nanu, CEO and CoFounder, Gapsquare, said: “This exciting collaboration with GenAnalytics comes just in time for the UK reporting deadline.  Our data expertise paired with GenAnalytics’ insightful narrative writing makes an easy, accessible fix for companies hoping not only to comply with legislation, but to go a step further and promote a transparent, strategic and vital plan for change.”


GenAnalytics is a research and insights consultancy based in Glasgow and is focused on the application of data and analytics to drive business performance through greater diversity and inclusion in the workplace.

Gapsquare’s software helps companies analyse their HR and payroll data to understand where and why they have pay gaps, using machine learning, pattern tracking and years of D&I experience to help build a fairer world of work.

Find out more


We develop software that will revolutionise how you measure and end pay gaps in
your company. Generate gender pay gap reports, ethnicity pay analysis,
equal pay audits and beyond at the touch of a button.

For more information, visit our website or get in touch via email.

Understand, Visualise & Report 

Read More

Tags: gender pay gap, gender pay gap reporting, reporting, pay gap reporting, fast-track

Closing the gender pay gap in higher education will take forty years

Posted by Sian Webb on Feb 19, 2018 4:08:27 PM

With Gapsquare, we can do it by 2034

The University and College Union announced last year that it was going to take forty years for the gender pay gap in UK higher education to close.

For academics, the gap stands at 12% and has been slowly decreasing in the last few years.

The UCU says that this equates to a shortfall of £6,103 per year for each female academic. In total, this £528 million per year. 

The gap is also larger at the so-called ‘elite’ Russell Group institutions at 16.3%. With less than six weeks to go before the gender pay gap reporting deadline, none of these institutions have reported.

Six Steps to Gender Pay Gap Reporting

 

In fact, less than 3% of universities have reported into the government portal - out of 109 universities in England, and 130 in the UK, only 3 have submitted: Leeds Art University, University of Salford and University of Kent. At the current pace of change, by the time I retire, the gender pay gap will still exist in academia.

 

Read More

Tags: gender pay gap reporting, gender pay gap in higher education, gender pay gap university

My job? I'm a time traveller (obviously)

Posted by Sian Webb on Feb 5, 2018 4:32:44 PM

The Gender Pay Gap:  My inspiration to close it and why Gapsquare is the company to get it done

Tomorrow, I’m spending my lunch break in my office with thirty 11-year olds. Not because we are diversifying our employment practices, but because they want to ask me an important question – What is it like working for Gapsquare? 

I’ve given it some thought, it’s a big question, but it sends me back to 2016 when my niece was born – suddenly, there was this innocent baby girl who had been born into a world where she will, statistically, earn less than if she had been born a boy. I knew that, for me with my work history so far in tackling inequality and driving forward change to pave a better world for all, my motivation had taken a tangible, gurgling human form.

Want to learn about Gapsquare? Click below:

Take a Look

Read More

Tags: gender pay gap reporting, Our Great Leap Forward

Closing the pay gap is not improbable - Avoid this mistake in reporting gender pay gap

Posted by Sian Webb on Dec 14, 2017 3:17:19 PM

The new gender pay gap regulations provide an opportunity for change, are companies seizing them the right way?

Last week, the Financial Times reported that “1 in 20 companies who have submitted their gender pay gap data to the government have reported numbers that are statistically improbable and therefore almost certainly inaccurate.” One of these companies is fashion brand, Hugo Boss (who have since changed their numbers and now reporting a 32.6% mean and 76.5% median gender pay gap), a MacDonald’s franchise, an international car-parts manufacturer and a branch of national charity Age UK.

In some cases, the reports were most likely due to error, in fewer still probably because of plan to deceit, but mostly this happened because of misunderstanding of what the gender pay gap is.

 

Want to hear more about general UK trends in the gender pay gap? Click below:

Click here to access UK Gender Pay Gap Trends

Read More

Tags: gender pay gap, gender pay gap reporting, gender pay accountability, gender pay gap regulations,

Telling the Story of Your Gender Pay Gap and Bonus Pay Gap

Posted by Hazel Lush on Oct 30, 2017 3:25:23 PM

In the wake of the BBC and Financial Times’ publication of pay data, companies are approaching gender pay reporting requirements with trepidation. The worry is that the reasons behind pay gap data will be lost once statistics are revealed. But it doesn’t need to be that way. As the team at Gapsquare - experts in analysing the gender pay gap - argue, publishing data can be an opportunity to foster deeper understanding among your teams around the pay gap and an opportunity to show how your business moves forward on equality issues. In short, publicising pay gap data can be an exercise in showing how your company responds to greater understanding of its structure.

 

Need support? Why not watch Gapsquare's free webinar on communicating the gender pay gap:

 Watch Webinar

It is interesting to note that bonus pay gaps are particularly stark, TSB Bank, Virgin Money and Fujitsu Services are all hovering around a 50% pay gap in bonus pay. These companies benefit hugely from a clear narrative around their data. An example can be drawn from Virgin Money, whose response to the data was to set out the causes of the pay gap and outline their mission going forward

Read More

Tags: gender pay gap reporting, pay gap reporting

LESSONS LEARNT? Reflections on the BBC pay gap dilemma

Posted by Sian Webb on Jul 24, 2017 6:00:00 PM

The last five days must have been somewhat of a headache for Tony Hall, BBC Director-General. First, the damning list of salaries that showed that lack of female high earners and gender pay disparity, followed by some of the BBC’s most high-profile female personalities writing a frank open letter calling him to “act now” to tackle the gender pay gap, rather than waiting until 2020 for it to be eliminated. It has certainly made headline news and spread to extensive conversations from within the BBC, the general workplace, to the pub with friends on the weekend.

beard-2286440_1920.jpg

Read More

Tags: women in business, gender pay gap, business, pay gap, gender pay gap reporting, politics

DRAFT REGULATIONS ON GENDER PAY GAP REPORTING

Posted by Zara Nanu on Feb 16, 2016 11:11:00 AM

Last week, the UK Government announced a consultation on draft regulations for Mandatory Gender Pay Gap Reporting . The consultation is open until the 11th of March and invites feed-back from employers, business organisations, the voluntary and charity sector, women’s civil society organisation, HR practitioners, trade unions, employment lawyers and think tanks.

Read More

Tags: regulations, gender pay gap, gender pay gap reporting, uk

GENDER PAY GAP IN CHARITY SECTOR

Posted by Zara Nanu on Nov 26, 2015 11:04:00 AM

Recent research claims that the gender pay gap in the charity sector is higher than the private sector.

Read More

Tags: diversity, equality, gender pay gap, gender pay gap reporting, charity

Subscribe to Email Updates

Recent Posts