The gender Pay Gap KPI is one of a set of vital HR KPIs we have created in bob to help you track and analyze your organizational HR objectives, and optimize processes such as workplace management, employee programs, and more.
What is the Gender Pay Gap KPI?
Located in the Finance category of KPIs in the Analytics module, the gender Pay Gap KPI visualizes the difference between average pay for men and women in your organization. The KPI is calculated by comparing the average pay for men as a group to the average pay for women as a group:
The gender Pay Gap KPI is especially useful for recognizing a gender pay gap as well as tracking success of pay gap based retention efforts. When considering the Pay Gap KPI’s results, it is important to consider whether there may be valid reasons for a gap. If, for instance, the average pay for men is found to be higher than for women in your company, it may be worth looking at how genders are dispersed through different job roles. The aim of the KPI is to help you find the gap so that you know where and what questions to look into.
How is salary calculated?
Salary is calculated based on the employee pay period and normalized relatively according to the chosen view period: monthly, quarterly or yearly
Salaries are included from the month of the first effective date
Salaries are included only for employees who were employed for the entire month. The salary of a departed employee will not be included the month of their departure
How to use the Pay Gap KPI
Find out if and to what extent of a gender pay gap you have, and use the filter to compare similarly situated male and female employees. You may review specific salary data about current, new, and terminated employees' salaries, as well as any salary changes in the selected month(s).
When you head over to the Pay Gap KPI, you can see the gap rate calculated for a particular month, quarter, or year along with a range of filters and groupings. Data is displayed for each period in the selected time range.
To get started with Pay Gap KPI, follow these steps:
Step 1: Set up category view settings
You can set bob to view KPI data for a particular month, quarter, or year displayed over any time period. Whenever you configure these settings, it will impact how all of the KPI categories will be showcased in bob.
Step 2: Configure the Pay Gap KPI
Define how you’d like to review the Pay Gap KPI data. You can choose from an array of analytics options to view your data, including condition-based filtering, several different chart types, and more.
To slice, dice and filter your data click on the Grouped By dropdown and choose what to focus on
Click on the arrow ∨ to the right of the chart symbol
Click on the desired chart type
Note: certain chart types may not be available in instances where they are irrelevant to the chosen data set.
Click the subgroups in the legend to deselect them from the view, and click on them again so that they reappear on the chart
Activate the Values toggle to showcase the numerical value of the data set
To add additional filters, click the three dot menu followed by Filter
a. Use the dropdowns to select fields and configure conditions to filter by
b. Click + Add condition to create additional rules and repeat as many times as you'd like
c. To remove a condition, hover over it, and click the trash icon that appears to the right of the condition
d. Press Apply
9. To reset your chart configurations, click the three dot menu followed by Reset
10. To download the chart, click the three dot menu followed by Download and then the file type you’d like to download it as. You can export a chart as a .png, .jpeg, .pdf or .svg file.
11. To see the in-depth employee data included in the KPI view you have configured, click View more details under the chart
a. Click on a part of the chart (e.g. one of the bars in a bar chart or a segment in the donut chart). The table below the chart will display the data that specifically matches the grouping you selected, showing all of the people that belong to that group.
b. Use the column picker found in the top right of the table to add or remove employee information in the table
c. Click on the download button to the right of the column picker to download the employee data either as an .xlsx or .csv file
d. Click Back at the top left of your screen to return to the dashboard
Tips for optimizing the Gender Pay Gap KPI data
Make sure all your employees' personal information and base salaries are up to date
Verify your permissions include viewing other employees' work, lifecycle and payroll sections
Need more help? If you're unsure about anything please send us a message through the chat icon below.