5. You’ll get to tell your own story
Your GPG report is not just about the data but about the narrative that goes with it. This is where you have the opportunity to make sure your data is read in the right context, rather than leaving the public, employees and the media to make their own interpretations. Getting it right will take time.
In particular, the narrative gives you a chance to ensure that ‘gender pay’ and ‘equal pay’ are not confused, as they often are. Your narrative should also highlight factors that influence your pay gap but which you cannot control, such as the sector you operate in and the nature of local labour market. It’s also your chance to report on the initiatives already underway to reduce any issues highlighted in your dummy run.
Gender pay reporting is a great opportunity for organisations to start treating gender pay and workplace equality as seriously as other business issues – exactly the government’s intention. But if you plan to use this new legislation to your advantage, the time to start planning your strategy is now.