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: