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1. Home
2. Compensation Software
3. Pay Equity
GET PAY RIGHT
PAY EQUITY
Modern pay equity is defined as equal pay for comparable jobs that is internally
equitable, externally competitive, and transparently communicated. Pay equity is
defining how organizations approach their relationship with their employees,
radically altering how we foster workplace culture and engagement. Our
CompAnalyst® Pay Equity Suite can help you achieve and sustain pay equity with
the industry’s only true end-to-end solution for addressing the gender pay gap,
pay raises, general pay inequality, and more.
See it in action Pay Equity Trial
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ACHIEVE PAY EQUITY
MANDATE PAY EQUITY
With issues such as the gender pay gap coming to the forefront, HR departments
are looking to ensure that they are not part of the problem. However, the most
difficult part of pay equity work is often getting a mandate and resources from
leadership. While it’s easy to declare that an organization should pay
equitably, translating the pay equity process into an action plan that C-level
executives and a board of directors can approve and fund has traditionally been
challenging. Salary.com helps you develop a pay equity philosophy with your
leadership team that explains the “how and why” behind employee pay and outlines
the organization’s commitment to pay equity.
FOUNDATION FOR PAY EQUITY
GROUP COMPARABLE JOBS
The foundation for pay equity is equal pay for comparable work. Defining and
documenting comparable work upfront ensures your pay equity analysis is
accurate.
Salary.com provides the tools and expertise you need to collect relevant
compensation and job data, document your job description library, and group jobs
based on required skills, qualifications, and levels to be analyzed across
gender, ethnicity, race, and other protected classes.
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* Define Comparable Work
* Webinar – Equal Pay for Equal Work
* Blog – Group Comparable Jobs
* Job Evaluation
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* Run Regression and Cohort Analyses
* Develop Remediation Recommendations
* Webinar - Model Internal Equity
* Blog – Model Internal Equity
ANALYSIS FOR PAY EQUITY
MODEL INTERNAL PAY EQUITY
An assessment of the overall gender, race, and other demographic elements that
effect pay are essential to a credible pay equity analysis. Our tools and
experts deliver pay gap analyses across gender, ethnicity, race, and other
protected classesis, perform regression and cohort analyses, and help you
identify pay disparities and strategies for remediation.
PRICING FOR PAY EQUITY
BENCHMARK EXTERNAL MARKET PRICING
Internal equity alone is not enough. Having completed your analysis and set
internally equitable pay structure bands, you need to benchmark those new ranges
against the external market to understand your ability to attract and retain
talent. Salary.com’s pay equity and compensation management software, data, and
experts provide everything you need to streamline the benchmarking and market
pricing process, allowing you to remain competitive in the war for talent.
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* Compensation Survey Sources
* Market Pricing
* Build Salary Structures
* Blog - Benchmark External Competitiveness
* Webinar – Benchmark External Competitiveness
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* Pay Transparency Laws by State
* Communicating Pay Equity
* Pay Equity Audit/Certification
* Webinar - Transparent Communication
* Blog - Communicate Transparently
* Blog - What is Pay Transparency
COMMUNICATE PAY EQUITY
PAY TRANSPARENCY
When an organization is transparent about pay, the positive impact on culture,
employee engagement, productivity, and innovation can be profound. With
Salary.com, you get the tools and expertise you need to effectively communicate
your compensation philosophy, train managers on how to talk about pay with
employees, and build trust. Complete our Pay Equity Audit and Certification and
affirm to your employees and job candidates that your company is a pay equity
leader.
SUSTAIN PAY EQUITY
UPDATE CONTINUOUSLY
The work doesn’t end with your initial pay equity analysis - it is only the
beginning. CompAnalyst® Pay Equity Suite helps develop a thorough remediation
plan that best fits your organization’s compensation philosophy and resource
constraints. You’ll also need to assess internal equity and external
competitiveness on an ongoing basis to maintain pay equity. When there is an
event tied to compensation such as a new hire, performance review, promotion, or
termination, Salary.com has you covered. We give you the tools and resources you
need to evaluate job content, structures, and pay data so you get it right.
*
* Refresh Data
* Blog – Update Continuously
* Continuous Pay Analysis
* Assess Pay Design
* Refresh Data
* Webinar – Update Continuously
THE PLUNKETT PAY EQUITY FRAMEWORK™
Pay equity is having more than a moment – consider it a movement. The time to
act is now. Organizations that reject the outdated market-based pay philosophy
they have today to adopt a pay equity approach to managing compensation will
emerge as employers of choice. The Plunkett Pay Equity Framework prescribes a
six-step methodology for attaining pay equity, while removing any perceived
mystery around this critical issue. Download this white paper for all the
details.
Download
WHAT IS PAY EQUITY
In the simplest terms, pay equity is two people, regardless of their identity,
being paid similarly for doing similar jobs with similar responsibilities, while
considering their performance, experience, tenure, and other factors. In
practice, pay equity is a topic that requires a broader understanding of the
social and economic impact, as well as knowledge of legislation, and the ability
to master your compensation strategy and structure. Let our experts help.
Learn more
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survey selection, data loading, participation, and analysis.
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ORGANIZATIONS GETTING IT RIGHT
INSIGHTS YOU NEED TO GET IT RIGHT
The latest research, expert advice, and compensation best practices all in one
place.
The Plunkett Pay Equity Framework WHITE PAPER
The Plunkett Pay Equity Framework prescribes a six-step methodology to attain
pay equity
Read More
The Power of Pay Equity WHITE PAPER
Addressing pay equity requires a process to ensure that everyone is paid
equally.
Read More
5 Tips for Achieving Pay Equity How To
5 tips for addressing pay equity prove beneficial as you pursue this worthwhile
workplace initiative.
Read More
Embracing Fair Pay in the War For Talent White Papers
Learn how organizations are using market data to establish equitable pay
structures.
Read More
Building and Analyzing Salary Structures WHITE PAPER
Learn how to maintain and update pay structures within your organization.
Read More
See More Resources
IT'S EASY TO GET STARTED
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personalized demo.
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