We care about Equal Pay and the Gender Pay Gap. Not in a typical reactive law firm ‘yeah, there’s some new regulations, we can help you with that’ sort of way, but actually more like this:
- We’re astonished that the overall Gender Pay Gap is 18.1%
- We’re dumbfounded at Deloitte’s prediction that the GPG won’t be closed until 2069
- We’re angry about the societal issues that give rise to this situation and we’re saddened by the prospect of our daughters feeling less valued than our sons
- We’re also well aware of how much more productive and profitable gender-diverse organisations tend to be.
We reckon that many executives and decision-makers within large employers feel the same – not least because they’ve told us so. It’s incredibly rare for any business to be wilfully underpaying female staff. But by really understanding the demographics of your workforce and the intricacies of your pay structure, you can gain a startling insight into where your business might be contributing to the problem – and how you can start being part of the solution.
The business case is unargable too
Recent research by McKinsey & Co (Diversity Matters, 2015) concluded that gender-diverse businesses are 15% more likely to out-perform their respective national industry medians (and ethnically-diverse businesses 35% more likely). They found that in the UK greater gender diversity at the top level of a business corresponds to the highest performance increase in the data reviewed. For every 10% increase in gender diversity, operating profit rose by 3.5%.
So what have we done about it…?
- In 2015, long before the GPG reporting obligations came into law, we recruited a top-class Pay & Reward specialist to work with us in developing our market-leading range of pay equality services, led by our Gender Pay Gap Audit & Advice report.
- Since then we’ve worked with a large number of employers to obtain comprehensive insight and analysis into their own GPG and Equal Pay positions, including lots of legal advice and practical recommendations on next steps to close their gaps.
- We have assisted a large number of clients to calculate, report and publish their GPG statistics and consider their actions for tackling their gap.
- We’ve produced a Guide to GPG and Equal Pay aimed at business, which sets out clearly the conceptual difference between the GPG and Equal Pay, explaining the legal structures and where risks commonly arise.
- We can now provide employers with a market-leading Job Evaluation Scheme, JOES, which delivers excellent pay equality and a strong defence to Equal Pay claims.
- We are now developing a range of advice services to assist employers to tackle and reduce their GPG through systematic reviews and improvements to their HR policies, procedures and practices, to root out conscious and unconscious gender bias in decision-making and line management.
- We regularly provide our expert speakers to talk about the GPG and Equal Pay at major national and regional HR and legal conferences, including the Association of Colleges, E-Reward and the CIPD.
- We actively participate in academic research, working in particular with UWE Bristol.
- We’ve provided evidence on the current working of equal pay law to the Fawcett Society review of discrimination legislation, chaired by Dame Laura Cox DBE.
- We have written, and been quoted as experts in, many articles on the GPG and Equal Pay in the national press, including The Evening Standard, The Telegraph and The Sun, and local press too, such as the Bristol Post.
- We regularly write for specialist HR and Pay & Reward publications and news websites.
- We’ve blogged on the subject many times and will continue to do so.
- We talk about the GPG and Equal Pay to everyone we meet!
Let’s work together…
- We’re delighted to support women’s business and networking organisations, industry bodies, academic institutions and others who would benefit from our materials and speaking expertise on this topic. If you’d like to collaborate with us, then please get in touch with Jane Baalam, Anne-Marie Boyle or Luke Menzies.
- If you would like to talk to us about identifying and addressing the Gender Pay Gap in your organisation, we’d be delighted to hear from you. Read more here.
- Call us on 0117 325 0526 – we’re always happy to talk on the phone and most cases we can visit your business to discuss your needs in detail with all the key decision-makers before you commit to any purchase.
- If you are an individual and feel that you have been the victim of pay discrimination, either alone or as part of a group, then we would be happy to advise you as to potential legal redress. Call Anne-Marie or Luke for more information.
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