As part of our commitment to a fair future, we are using technology to provide employers with innovative solutions to their gender pay gaps. Our new tool, Equalise, will be launched with test clients later this year.
The UK has a gender pay gap of 8.3%. This means that for every £1 a male employee is paid, on average, a female employee only receives 91.7 pence. And despite laws requiring large employers to report their gender pay gap since 2017, progress has been slow. Employers agree that change is needed, but few have been able to identify effective solutions.
Equalise is an innovative platform for large employers that are struggling to make meaningful progress in closing their gender pay gap. The platform utilises algorithm-based machine learning to analyse readily accessible organisational data of the client (such as sector, workforce make-up, geographical location, recruitment practices, flexible working practices, etc.) against curated external data to establish root causes of gender pay gaps and provide tailored recommendations.
This is the first platform to utilise machine learning for this purpose and will give employers the tools to make meaningful improvements to their gender pay gap.
To find out more, go to equalyse.co.uk