One of the big discussion points during the last few years was Gender Equality. Melinda Gates’ Equality Can’t Wait website state that “At the rate we’re going, it will take 208 years to achieve gender equality in the U.S.”. In Portugal, as far as we know, we don’t have those numbers, but our feeling is that it shouldn’t be that far…
In the last 18 to 24 months, I’ve worked tightly with Human Resources regarding compensation and proposals for newcomers and I was pretty sure that Syone didn’t have Payment Gender Gap. However, we didn’t have any numbers to rely on.
During this period, we did a huge transformation (trying to) become a data-driven company. Said so, giving just a small number of figures, by today, December 13th 2019 our age average was 30, being 27 in Females and 31 in Males. Another funny figure is that 56,59% of our headcount was born in the 90’s and we already have among us one consultant from the 00’s.
Getting back to Payment Gender Gap, I asked one of our brilliant consultants to analyse in order to have the numbers, making sure that we don’t have any Gender Gap. Inês (don't try hiring her! 😁), using R programming language, did a regression analysis to estimate the impact of several factors on an Employee’s Total Pay. The factors accounted for this analysis were role, experience, age, education, seniority and department.
And as I was expecting, at Syone, for every Euro earned by men, female earn 97.3 cents in the same department, role, education and with similar experience. Globally, UN states that women only make 69 cents for every Euro earn by men.
This is not a one-time exercise. We will continue to measure it and by the end of 2020 the difference will be even lower, for sure!
Are we perfect? Certainly not.
Do we have challenges? Of course.
Like many companies, we are on a journey regarding an approach to diversity, inclusion, and belonging.
We believe in our people!
Our mission is to empower them to deliver excellence in everything we do. And it is critical that the most basic of our employees’ needs, their compensation, is approached equitably.
