Today is the perfect day to measure your 'Women' efforts at your company.
Here is a quick exercise you can do to determine your next move:
✨Step One: Define your current Total Payroll
✨Step Two: What is you Total Headcount?
✨Step Three: Total Headcount by Gender
✨Step Four: Total Payroll by Gender
✨Percent of Payroll as Compared to Percentage of Gendered Employees
For example: You have 100 employees, 75 are Male, 25 are Female.
Total Payroll is 1,000,000 per month.
Males take in 750,000 of this payroll, making it 75%
Females take in 250,000, making their share 25%
Here the opportunity would not be Pay Equity, it would be Percentage of Employees by Gender.
In another example: Women are 50% of Employee HC! Hurray, right?
But when we look into Payroll, of that 1,000,000
Men earned 750,000
Women earned 250,000
Making the Gender Pay Performance Imbalance 75%/25% which translates into lack of opportunity, lack of promotions, lack of influence and leadership.
Most companies I have shared this with find clear discrepancies and new opportunities.
Are you willing to take Step One?
It's easy to do, now that you are Aware!
Next comes your Intention.
Then Discovery, which you have started
Next up is Expectation... to do better!
Our AIDE formula!
Let me know how it goes- and if you want to discuss one-on-one, give me a call or send a message.
We are here to get Better Every Day!
#BetterTogether
#WomensHistoryMonth