We’ve all heard the bad press, the context of the BBC Pay Gap scandal, reports of companies publishing incorrect pay gap data and increasing dramas around pay disparities. But we’re here to tell you that a glimmer of hope has emerged - Tech-start-up Gapsquare is providing international corporations and public sector bodies with instant pay gap reports that are correct, reliable and provide intuitive action plans. Using cloud-based analytical tools, Gapsquare, run by a combination of tech experts and specialists in equality issues, has saved companies thousands of hours of staff time in the last year alone, guiding international organisations such as Vodafone, London Metropolitan Police and Osborne Clarke through reporting pay inequalities and, for some, expanding this reporting to the ethnicity pay gap.
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.
People will make or break a business. More diverse people will go even further and make a business innovative, challenging and perhaps even more importantly, profitable. On average, a business with diverse teams will have access to increased market share and 9% higher EBIT.
But how can we build more diverse businesses when current data shows companies have high gender and ethnicity gaps? These manifest themselves both in low proportions of diverse employees as well as high pay disparities for these groups. It does not seem businesses are making the most of powering growth with the right people.
"217 Years, for the women you work with to be operating on a level playing field, for our daughters to be in with the same chance at success as our sons."
Want to learn more about the gender pay gap? Watch the Invest In Diversity Video Series below.
We’re thrilled to announce that Gapsquare will be heading to the New York for Massachusetts Institute of Technology's Solve Challenge Finals on September 17th. We will be pitching our solution to a MIT Solve Challenge close to our hearts:
“How can women and girls of all socioeconomic backgrounds use technology to fully participate and prosper in the economy?”
Gapsquare’s Dr Zara Nanu joined teams of academics, industry experts, government representatives and policy makers at this year’s annual STEM Gender Equality Congress on the 8th and the 9th June where she spoke on Sharing Best Practice Between Industry and Academia.
According to Lylan Masterman, Principal at White Star Capital bias runs deep for women in tech. Are we tackling the challenges that face women by asking them to hide their identity or does expressing it outwardly work out more beneficial for women?
“the women who are working in technology today know how to triumph over adversity. This is a group that has suffered significant bias in our society — studying computer science or engineering in college, going out into the male-dominated environment of the modern tech world and succeeding despite those biases. And then, many have gone on to start companies in the tech industry despite the well-known challenges there.”
“Technical skills have always been in demand, but Boards need to create a culture, an ecosystem, around digital and digital thinking and this means increasing their functional diversity. If organisations are not disrupting their industries through digital innovation then they will be disrupted – so Boards need to keep pace to survive.”
These are the words of Harvey Nash, in “Diversifying Diversity – the next Board frontier”, who also mentions that those with digital expertise, capable of getting ahead of the game on digital technology, are yet to be effectively included in boards as technology “does not have the history and framework of qualification and knowledge of, say, finance that has been bedded into Boards for centuries”.
At Gapsquare, a tech-based data-analysis company that is working to end the gender pay gap, this is interesting for two reasons:
Despite many opportunities over the past century, we have not yet made break through on diversity. Could we achieve more with the help of technology?