To run an equal pay analysis you need a dataset where your organization's employees are listed. Each employee needs to have:
Any other variables that factor into pay can also be used when running an analysis (e.g. Hours worked, Number of direct reports, Performance, Education, etc.).
Yes, we provide an API for external software to connect to the PayAnalytics software.
Yes, the system is currency agnostic and therefore works with any currency. If you would like to work with multiple currencies, you can define their exchange rates in the system. Then you can easily view your datasets and analyses in any of those currencies, independent of the original currency (or currencies) for the dataset.
Yes, PayAnalytics supports both equal pay for equal work and equal pay for substantially similar work.
The software is sold under a subscription model and it is easy to become a customer and start using it. The pricing varies by the total number of employees that you want to analyze using PayAnalytics. Minimum subscription time is one year, included in that price is assistance with getting started at no extra cost. Book a demo to see the software in action and get a quote.
It is our mission at PayAnalytics to make it as user friendly as possible. Most users are up and running within an hour. The system also comes with a handy manual and short instruction videos where you can look up anything you need if something is unclear.
Each PayAnalytics customer gets a designated system instance. Customer data is stored in a region that the customer chooses. We currently operate instances in Europe and the US and comply with local laws and regulations.
Customers easily upload their data directly into the software via either an Excel file, .csv file or through an API connection to their salary system for those systems where that is available. The software converts the data into intuitive reports where you can easily view your salary structure, perform analyses and generate reports.
Our goal is to make fair pay measurable and achievable, irrespective of the size of the organization. That being said, an organization size of around 50 people is needed for the full utilization of all the software's capabilities.
Yes. Our goal is to provide the best and most accessible tools possible to companies when it comes to analyzing payroll data, but we do provide companies with initial consulting and even further consultation if needed. Initially, it can sometimes be helpful to discuss how the employee data is structured, how to build an equal pay model as well as interpreting the results, how to review suggested pay raises and understanding the cost of closing any demographic pay gaps.
Yes, PayAnalytics supports equal pay for work of equal value. The Job Evaluation feature supports the user in establishing the relative value of jobs, based on standard and objective criteria. Furthermore, Compensation Mapping allows the user to easily compare the compensation for work of similar value, even though the nature of the work may differ.
No, included in the subscription are as many users as you want.
You can upload data either as an Excel file, a .csv file or use the API to connect to a system of your choice.