PayAnalytics is a partner in the Universal Fair Pay Check | Read about it here.

World leading
pay equity
solution.

Find and close all pay gaps.

Pay equity analysis and equal pay decisions made easy for HR and compensation managers as well as Consultants. Used in over 30 countries for companies of all sizes.

The PayAnalytics software does the following

The PayAnalytics is a fairness driven platform, rooted in science. PayAnalytics runs in your browser and there is no installation cost. The software is used by HR managers, compensation analysts, consultants, and executives in 39 countries for companies with anywhere from 80 to over 100,000 employees.

  • We measure diverse pay gaps, including the gender pay gap.
  • Full support of diverse gender definitions including non-binary.
  • Full support of intersectionality for example between gender and other demographic groups.
  • We highlight problem areas and provide fairness driven solutions.
  • We answer which employees should get a raise and by how much to close any pay gap.
  • And we tell you the investment needed to eradicate the pay gaps.
  • We support ongoing data driven decision making.
  • The graphical overview provides an overview and drill down capabilities of your salary structure.
  • The system suggests fair salaries for new employees and employees who are moving into new positions.
  • The impact of each salary decision is available at your fingertips, before you make the decision.
  • Allows you to compare salary data to see what has changed between months and how it affected the pay gap.
  • We support international pay equity reporting.
  • Find with one click the most comparable employees for any given employee.
  • Visit the product page for further details

Salary interviews became much easier after we started using PayAnalytics. Preparation for salary interviews now takes no time at all, as we always have an updated overview of all our employees that have similar job roles and duties. Our employees also know that salary decisions are made in a disciplined way and that their salary is fair compared with their colleagues' salaries.

Using the PayAnalytics solution will make our steps towards the equal pay certification easier. We can now easily keep track of our equal pay analyses, and at the same time salary decisions become better because they are always based on up-to-date data.

We were always looking in the rearview mirror by analyzing old data. When the results came in a lot had changed within the company. It was therefore unclear how we should fix this. As a result we searched for a solution that could show the situation in real time and enable us to estimate future salary decision.

With the PayAnalytics solution we can easily see the pay gap effect of new hires, raises, and employees moving into new roles. This brings discipline to each salary decision, ensuring equal pay for equal work, no matter who the employee is.

These are just a few of the many

Partners and clients that are closing the pay gap

PayAnalytics can be used for both large and small companies. It is easy to get started and the software is currently available in six languages.

    • VÍS - Insurance
    • Attentus - HR Consulting
    • Landspítali - The National University Hospital of Iceland
    • OR - Reykjavik Energy
    • Sýn - The mother company of Vodafone Iceland, Channel 2, Visir.is and more
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.

PayAnalytics

Awards and funding

In September 2020 it was announced that Margrét Bjarnadóttir, the Chairwoman of PayAnalytics, was a finalist in the category Diversity leader of the year for the Nordic Women in Tech Awards. Bjarnadóttir also won the top prize at the 2019 Global Women Inventors and Innovators Awards (GlobalWIIN) which were presented in London for the PayAnalytics software solution. 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.

  • Icelandic Technology Development Fund
  • Gulleggid - business plan competition
  • Wharton People Analytics Conference
  • The Global Women Inventors & Innovators Network (GlobalWIIN)
  • Nordic Women in Tech Awards
  • Nordic Startup Awards
Latest updates

Latest updates

In the PayAnalytics newsroom you have an overview of the latest news on PayAnalytics and related content. You can also follow us on Twitter, LinkedIn, Instagram and Facebook, or sign up for our newsletter.

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