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 visualises the difference between average pay for men and women on 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 KPI is especially useful for recognizing a gender pay gap as well as tracking success of pay gap based retention efforts. When considering results of the Pay Gap KPI, it is important to consider whether there may be valid reasons for a gap. If for instance average pay for men is found to by 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 to use Gender Pay Gap KPI
Find out if and what extent of a gender pay gap you have, and use the filter to compare similarly situated male and female employees for instance. Specific salary data about current, new, and terminated employees' salaries as well as any salary changes in the selected month/s is shown as well.
- Select the period for which you would like to view growth rate data in the date field, in one of two ways: a. Preset Range: choose between preset periods like last 6 months or entire company history. b. Custom Month Range: select a From and To month from the calendar picker. *To select a single month click on the chosen month twice.
- Select the time period to view data for. You can choose between monthly, quarterly and yearly.
- Select the desired currency from the Currency drop down
- Slice, dice and filter your data using the Grouped By and Filter drop-downs to focus on what is most important to you, such as: "what is the gender pay gap rate in the Sales department?"
- Click view more details in any chart to see all of the included employee data, and use the column picker to customize the information you see.
- Export your KPI chart or graph as a .png or .svg file and the employee data as an .xls or .csv file.
Tips for optimizing the Gender Pay Gap KPI data
- Make sure all your employees' base salary is 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.