Data insights consultancy GenAnalytics has launched its first software tool to help companies with their gender pay gap reporting.
Its offer is to almost 12,000 UK companies who employ more than 250 staff who must publish on an annual basis their figures showing the difference between male and female earnings across the organisation.
Analysis shows that almost eight out of ten businesses still pay men more, with female employees earning up to 26 per cent less in the finance sector and 24 per cent less in construction compared to males.
GenAnalytics director Jane Gotts said “Our vision is to deliver greater insight and information to our clients around diversity and inclusion.
“Gender pay gap analysis and employee analytics are core to our business.
“This new tool will enable us to better support clients using a technology platform that allows faster and more comprehensive analysis of gender pay data and allows us to identify key areas of action and risk linked to gender pay gap performance.
“We believe this will help companies close their gender pay gap over time.”
Glasgow-based Incremental Software have been working with GenAnalytics on developing the software.
Technology director Andy McGoldrick said: “Incremental Group is committed to driving greater diversity and inclusion within the technology sector whether this is through our various STEM initiatives or our strong internal gender split.
“Through our work with GenAnalytics we are helping to support better gender diversity and inclusion in the wider sector, all powered through technology and data.”
Claire Partridge, innovation specialist at Scottish Enterprise, said: “This new product will drive greater equality and diversity in the workforce.
“We’re pleased to have supported GenAnalytics, both in an advisory capacity through our innovation support service and with a ‘By Design’ grant.
“We know that having more of a gender balance drives company performance. By enabling businesses to better understand their gender pay gap we hope that Scotland can lead the way in workplace inclusivity.”