Five months ago, I introduced the gender swap number as a superior statistic to the median gender pay gap. Feedback from clients and others since then has confirmed my hope they would find it more intuitive to use and interpret. This encouraged me to call on Parliament to amend the UK gender pay gap legislation so that swap numbers could be published for employers with 250 or more employees. I now want to build on this by showing a couple of simple calculations that can turn a swap number into an estimate of how long it will take an employer to close its pay gap.
When gender pay gap reporting was introduced by the government for the 2017 snapshot date for all employers with a headcount of 250 or more, it was made clear they would evaluate how the legislation had worked after 5 years. We are now in the 5th year of pay gap reporting and I would like to submit to the government 7 recommendations to improve the way employers’ data is reported and 5 recommendations to improve the data used in the calculations and to reduce various distortions.
I call upon Parliament to abolish the Gender Pay Gap by requiring employers to report their Gender Swap Number instead. When presented alongside an employer’s Gender Pay Fingerprint, the Gender Swap Number tells everyone how much work the employer needs to do to eliminate their gender pay gap and allows for a fairer comparison between employers.