What is gender gap reporting?
Organisations in Ireland with over 250 employees are being asked to report on their gender pay gap for the first time in 2022.
The gender pay gap is the difference in the average hourly wage of men and women across a workforce. The Gender Pay Gap Information Act 2021 requires organisations to report on their hourly gender pay gap across a range of metrics.
Why is it important?
Gender pay gap reporting can highlight where there are differences in average earnings between men and women in organisations. For instance, if an organisation has more men than women in well-paid senior roles and more women than men in less well-paid junior roles, then the average pay for men will be higher than for women and there will be a gender pay gap in favour of men.
Since announcing our new Galway office as our European hub in November 2020, we have hired 275 people in region and are continuing to scale. Diligent is proud to show that our gender pay gap is materially less than the Ireland expected gap in 2022. Diligent is committed to being a diverse and inclusive company which is why, as a business, we understand that gender representation is an area of focus and ongoing improvement.
We report on mean and median data, in accordance with local requirements. Mean data is calculated by adding up all the numbers in a sample and dividing by the number in that sample. Median data is calculated by ranging the numbers in order from the lowest paid to the highest paid, and the middle number is the median.
To calculate pay quartiles or quarters we put the pay of all individuals in descending order and then split them into four equally sized groups. We then report on the percentage of men and women in each group.