Sian Webb, Partnerships Manager at Gapsquare shares some Gender Pay Gap wisdom with the Talk With Stitch team.
“As someone who spends a lot of my time looking and analysing numbers and figures, not a lot surprises me these days! However, I have been surprised at the number of charities and businesses that are reporting a higher than average gender pay gap and not accompanying it with an explanation or narrative about why they have one and importantly, what they are going to do to reduce it over the coming years.”
“The important thing for companies to see is not the actual figure in year one, but that it is improves and reduces in years 2 and 3. It is critical therefore that they get to grips with what exactly causes the gender pay gap in the first place (which is where Gapsquare comes in!) and so that they can put in place initiatives so that it will start improving and reducing.”
Read more about Gapsquare’s journey into Gender Pay Gap analytics on TalkWithStitch
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.
Sharing years of accumulated knowledge and experience working with companies in the UK and internationally to close their gender pay gap, Zara debated the issues with representatives of the World Economic Forum , Accenture and EDGE Certified Foundation.
The event brought together experts and key figures who are working together to increase the number of women in Science Technology Engineering and Maths, and support those who do make it into STEM industries to stay there. A series a fascinating talks and panel discussions on how to bring women into STEM ensued.
The congress covered ways to ensure more women enter the sector and that these women are retained. It is widely acknowledged that this is not what happens at present and this plays its own devilish part in making the gender pay gap what it is (though they’re definitely not the only industries with serious issues to overcome).
Gapsquare’s particular interest was in discussing current practice in terms of engaging more women in STEM and also the creative thinking that is needed to bring together more stakeholders to think about how they can attract more women in STEM.
According to Dr. Zara Nanu:
“Obviously occupational segregation and lack of women in STEM is one of the leading causes of its gender pay gap and if we don’t do anything to increase numbers of women in these sectors then in 50 years’ time, with automation and the progress of technology we are going to see an exclusion of women from the economy altogether. ”
This was a hugely engaging congress and Gapsquare looks forward to continuing to work with innovative companies across the UK to share the wealth of knowledge and expertise gained on how we can increase the numbers of women in STEM.