Ensure equal pay, drive employee satisfaction
Why Pay Equity is a Business Imperative
Did you know that women earn approximately 84 cents for every dollar earned by men? This persistent gender pay gap not only raises ethical concerns but also poses significant risks to your organization. Pay inequity, whether based on gender, race, or other protected characteristics, can lead to:
Lower Morale and Engagement
Higher Turnover
Legal and Reputational Risks
Investing in pay equity is not just about compliance with equal pay laws-it's a strategic decision that can yield significant benefits such as
Your trusted partner in pay equity
Our team of experts brings a wealth of experience in people analytics and data science to your pay equity audit. We have a proven track record of helping organizations like yours identify and address pay disparities, ensuring fair and equitable compensation practices.
Our team includes:
- Industrial/Organizational Psychologists: Experts in understanding the factors that influence employee behavior and performance.
- Data Scientists: Skilled in analyzing complex data sets and applying statistical models to identify patterns and trends.
Data-driven solutions for fair pay
- Comprehensive Pay Equity Audit: Our rigorous analysis includes data collection, statistical modeling (including regression analysis and cohort analysis), a detailed findings report, and expert consultation to guide you through the results and develop action plans.
- Pay Gap Monitoring Tool: Our optional add-on tool provides ongoing monitoring of your pay data, allowing you to proactively identify and address potential disparities before they become significant issues.
Take the first step towards pay equity
Ready to create a more equitable workplace and motivate your workforce to do their best? Contact us today to learn more about our pay equity analysis services and how we can help you achieve equal pay for equal work.