Uploaded on Jun 8, 2023
PPT on the Advantages of reducing the pay gap
Advantages of reducing the pay gap
ADVANTAGES OF REDUCING THE PAY GAP INTRODUCTION The Gender Pay Gap is a measure of the difference between men’s and women’s average hourly earnings across an organisation or the labour market and it is expressed as a percentage of men’s earnings. Source: www.cadenceinnova.com EXPOSES HOW MEN AND WOMEN ARE POSITIONED It exposes how men and women are positioned from the lowest to the highest paid roles in a company . A pay gap in favour of men is usually explained by more men employed in higher paid jobs, and more women employed in lower paid jobs. Source: www.cadenceinnova.com CAUSES CONTRIBUTING TO PAY GAP Access and attitude to flexible working and parental leave Societal expectations of gender roles Progression opportunities Source: www.cadenceinnova.com WHY REDUCING THE GENDER PAY GAP IS A GOOD THING? Although many businesses are worried about reporting their findings, and how this will affect their brand reputation, sharing actions towards a GPG reduction enables organisations to differentiate themselves and capitalise on being a transparent and fair workplaces. Source: www.cadenceinnova.com BENEFITS OF REDUCING THE GAP It can raise staff morale: this supports recruitment and retention; It can decrease the number of uncomfortable pay-related conversations during personal reviews; Source: www.cadenceinnova.com BENEFITS OF REDUCING THE GAP CONT. Hiring the best talent will become markedly easier. It will make it clear to new candidates that they’re entering a world of fairer opportunities; When it comes to remuneration, HR teams will be spared the unsavoury task of dealing with gender inequality Source: www.cadenceinnova.com SHOW POSITIVE ACTIONS Research shows that taking steps to increase gender representation, diversity and inclusion brings a whole raft of further business advantages with it. Source: www.cadenceinnova.com THE GENDER PAY GAP ≠ EQUAL PAY The Gender Pay Gap is often mistakenly and unknowingly conflated with Equal Pay. This has negative consequence, as it allows people to shrug off the issue. Source: www.cadenceinnova.com THE GENDER PAY GAP VS. EQUAL PAY Equal Pay is where men and women are paid the same amount for doing the same work. To do otherwise is illegal. Conflating the Gender Pay Gap with Equal Pay is problematic as it allows people to assume an organisation they run or are employed by does not have a gender issue, as long as they pay men and women equally for the same roles . Source: www.cadenceinnova.com BUSINESS PROCESSES TO BE IMPLEMENTED Training needs to be combined with assigned responsibilities for compliance People need to be aware, but also experience change Mentoring needs to come with real sponsorship (opening doors, making people shine also in their absence!); No awareness workshops, without increased and measurable access to opportunities Source: www.cadenceinnova.com
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