The Gender Pay Gap is a well-publicised phenomenon. The term refers to pay disparities between people of all genders in the workplace. In many industries, this disparity favours men, with pay offers for women tending to be less generous, even if the work is nominally the same.
This is a contentious and multifaceted issue, and it’s unclear how it will ultimately be solved. However, there is reason to believe that technology might play a role in identifying and eliminating systemic unfairness, and ultimately closing the gap.
AI and Data Analytics
Modern employers have access to a range of sophisticated tools, many of which are driven by AI. It might be used in the recruitment and onboarding process, to identify patterns of behaviour and outcomes that might discriminate against women (or men) in a way that human beings can’t detect.
Pay Transparency
In offering people of all genders different rates of recompense for the same work, businesses may be breaking the law. Being entirely transparent about how and why different people are paid at different rates will help businesses reduce their exposure to legal risk. It will also help to demonstrate that the company is serious about its stated aims when it comes to gender pay disparities.
The right payroll software can help companies to collect the data they need to be fully transparent. A people-first platform might make this reporting much easier, and help to lower administrative burdens, too.
Challenges and Opportunities
Future Outlook
It’s difficult to say whether attempts to close the gender pay gap through technology will ultimately prosper. The increasing influence of DEI ideas in the modern workplace, as well as the spread of the internet, might help to cast down barriers to entry for female recruits. It may ultimately help them to make a more consistent contribution, even in c-suite spaces where men have heretofore dominated.