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Legal compliance
Satisfy stakeholders and investors
Fair and efficient compensation
Employee recruitment and morale
Is your company

Closing the gender paygap?

PayAnalytics is a software solution that enables human resources managers to conduct their own salary review and analysis. It measures demographic discrepancies in pay, offers recommendations on how to close pay gaps, and tells you how much it will cost. It answers who should get a pay raise and by how much, and how that will that affect the pay gap. The reporting and visualization tools show the impact on pay gaps of hiring, promotions, and salary adjustment before decisions are made. The software visualizes the trends in the pay structure and helps spot outliers.

These are just a few of the many

Partners and clients that are closing the paygap

  • VÍS - Insurance
  • OR - Reykjavik Energy
  • Attentus - HR Consulting
Steps necessary to reduce or close a pay gap
Fairness and Cost

Steps necessary to reduce or close a pay gap

PayAnalytics gives tailored recommendations to close the pay gap in the fairest and most efficient manner possible. We identify which employees are causing the gender pay gap, and recommend they receive raises first. By targeting raises to where they will do the most good, we can close the gender pay gap in the fairest and least expensive manner possible.

Provides an overview of the salary structure
Better Overview

Provides an overview of the salary structure

PayAnalytics provides a statistical measurement of the gender pay gap using regression analysis. It provides visualizations of the salary distribution by gender across job roles. Combined, numerical and graphical representations of the current pay structure allows HR managers to identify drivers of gender pay gaps, find salary outliers, and find ways to bring compensation more in line with their company's strategic goals.

How to keep the pay gap closed?
Real Time Data

How to keep the pay gap closed?

PayAnalytics allows companies to get a real-time picture of their pay gap and compensation structure. Rather than relying on written and static reports which are quickly outdated, PayAnalytics gives a snapshot of the current situation. PayAnalytics allows HR managers to evaluate the impact on the gender pay gap of every salary decision they make. PayAnalytics makes it easy to analyze company-wide annual raises, ad-hoc salary adjustments, and the impact of new hires, which enables companies to prevent a pay gap from re-emerging once it has been closed.

In the Cloud or On Premises
Security

In the Cloud or On Premises

PayAnalytics is a cloud based solution - you can start using it immediately and it will not add additional burden to your IT department. Data confidentiality is a top priority for PayAnalytics and we have strict internal processes to ensure your data stays safe. As an alternative to our cloud solution we offer an On-Premises installation package for customers who want to run PayAnalytics entirely on their own infrastructure.

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PayAnalytics

Awards and funding

In April 2019 PayAnalytics won the Wharton People Analytics Conference Startup competition. PayAnalytics was the National Winner of the Nordic Startup Awards in Iceland in 2018 in the categories Best Newcomer and Best Social Impact Startup. PayAnalytics was the winner of the Golden Egg in 2016, an entrepreneur competition sponsored by Icelandic Startups. PayAnalytics is supported by the Icelandic Technology Development Fund.