1F Cash Advance Diversity
1F Cash Advance Diversity

1F Cash Advance Diversity

We Are Committed to Diversity and Professional Equality

Written by Latoria Williams

Gender Equality Index, 1F Cash Advance Scores 89 Points Out of 100

1F Cash Advance is a US-based connecting services company that promotes gender equality within the organization. The initiative is based on the Avenir law of September 6, 2018, which states that it is against the law for employers to discriminate against employees based on gender (also race, color, religion, or nationality).

Ethnicity Representation

Its objective is to reduce the pay gap between women and men by encouraging a diverse workplace and promoting opportunities for leadership development at all levels to close this gap. Following the methodology defined by the French legislator, 1F Cash Advance gets a score of 89/100.

The gender equality index consists of 4 indicators that estimate gender inequalities within the company. All these indicators form the whole score out of 100.

These four main criteria are:

Wage gaps;

The first indicator measures wage gaps between men and women. The gap is calculated by taking the ratio of women’s median monthly earnings to men’s median monthly earnings, and then comparing it to the ratio of women’s median annual earnings to men’s median annual earnings.

Individual differences in pay raise (based on full-time or part-time schedule);

The second indicator is Individual differences in pay raise (based on full-time or part-time schedule). This measures whether there are differences in pay raises between male and female employees based on full-time or part-time schedules.

Percentage of women employees receiving a raise upon return from maternity leave;

This indicator measures how many women receive raises after returning from parental leave. This indicator aims to measure whether or not female employees are being penalized for taking time off work during their childbearing years.

Number of employees of the under-represented gender among the ten highest paid;

In this indicator, we look at the ratio between men and women working for our company. Also, we are looking for lending partners that have a higher proportion of female employees in their upper ranks. This indicator can be interpreted in two ways: either it means that the company has more women in high-ranking positions than other companies, or it means that they have fewer men in high-ranking positions than other companies.

We understand that the lack of gender equality in the workplace can have a negative impact on both employee satisfaction and organizational productivity, which is why we have committed ourselves to make an effort to reduce the pay gap between women and men.

We believe that the best way for us to achieve this goal is through implementing practical policies that help women advance within our company. For example, we provide maternity leave and childcare services so employees can spend more time with their families while advancing professionally. We also support flexible work schedules so employees can balance their personal and professional lives without sacrificing one another.

We also ensure our managers are trained on how to deal with issues related to gender inequality in workplace environments so that they can handle these situations effectively when they arise.

1F Cash Advance will continue to develop this culture as we grow and expand our business, and we look forward to working with all of you!