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PayAnalytics won the Nordic Fintech Impact Award

PayAnalytics won the Nordic Fintech Impact Award

We are very excited to announce that PayAnalytics has won the Nordic Fintech Impact Award! The win was announced on September 27 during this year’s annual Nordic Fintech Week.

The judges recognized PayAnalytics for its impact in helping companies make meaningful strides in pay equity by measuring their pay gaps, closing them through targeted raises, and keeping them from reemerging by providing ongoing decision support. Competition judge Isobel Nordstrom, Head of Nordic Financial Institutions with Citi, said that PayAnalytics “did a very, very good showing of how they are reducing the gender pay gap across the board for big and small companies.”

Closing a gender pay gap is an intense task for most organizations. Even companies that have the best of intentions, conduct internal discussion about their pay gap, and strive to be mindful of it in every salary decision often fall short of actually closing it. PayAnalytics offers employers a quantitative, data-driven toolset that provides concrete steps for closing the pay gap while respecting budget constraints and keeping the company’s compensation structure consistent.

And once a customer has closed its gender pay gap, PayAnalytics keeps working to keep the gap from re-emerging. A company with 100,000 employees and 10% turnover will make 10,000 salary decisions each year — which all need to be calibrated to maintain pay equity.

PayAnalytics now has over 100 customers across industries, ranging in size from 80 employees to over 140,000. This means that we are proud to have helped ensure equitable pay for hundreds of thousands of individuals in over 50 countries. We are grateful for the special recognition of the Nordic Fintech Award, and we plan to continue working hard to remain an industry leader and innovator in pay equity analysis.

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Training leaders and managers on pay equity and transparency

Woman in an office setting.

Like any investment, pay equity work needs to be protected and future-proofed. Good policies and tools are a start. But to sustain fair pay decades into the future, the organization’s leaders and managers need to be trained on pay equity and pay transparency principles and practices. This article discusses what this training should cover and gives a few considerations for its delivery.

How to train leaders and managers for pay equity

Whitepaper offers recommendations for transposing EU directive into national law

A photo of a whitepaper called Transposing the EU Pay Transparency Directive into national law.

How to transpose the EU pay transparency directive into national law? A team of experts, including our own Margrét Bjarnadóttir, provide guidance on how nations might balance effectiveness and ease.

Download the EU Whitepaper

Best Practices for Pay Equity External Communications and Gender Pay Gap Disclosure | Part 2

Business women at a meeting.

Pay equity falls under the “S” in corporate social responsibility (CSR) and environmental, social and governance (ESG). In Part 1 of this two-part blog, we talked about some best practices for talking about pay equity in CSR/ESG reports and other external communications. Now in Part 2, we’ll focus on some great real-life examples that we can learn from.

Learn more