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PayAnalytics becomes the latest member of EPIC

We are proud to have been added as the 47th member of EPIC (Equal Pay International Coalition) where we join members ranging from governments and international organizations to private sector initiatives.

Equal Pay International Coalition

PayAnalytics is a pay equity software platform used in 40 countries on six continents to eradicate pay gaps. Our approach to pay equity is to provide a global solution that fulfills different national requirements simultaneously.

The PayAnalytics solution is decision-driven, grounded in scientific research, and focused on making pay structures fair and equitable. It gives organizations a clear plan for eliminating any inequities found. When the software finds a pay gap, it provides concrete suggestions for changes to individual employees’ salaries to eliminate the gap. Once the pay gap has been closed, the solution provides ongoing decision support to ensure it does not reappear.

EPIC's mission is to eradicate pay disparities between the genders by 2030.

We have a vision of an equal and inclusive world of work, in which women and men receive equal pay for work of equal value across all countries and sectors. In line with the United Nations Agenda for Sustainable Development, we intend to make this vision a reality by 2030. By 2030, we want to see universal ratification of ILO Equal Remuneration Convention, 1951 (No. 100) and visible efforts and results by governments and the private sector to implement equal pay initiatives.
— From "Our Vision" on equalpayinternationalcoalition.org

Can Pay Gap Analysis be the driver of equal opportunities in the workplace?

The unjustified pay gap between men and women is still present, and it seems that it will not go away without some focused efforts. Although countless studies and reports show that the gap is there, many still do not believe it impacts their own organisation. The EU Commission is increasingly communicating that the issue must be addressed. Some countries have begun the journey and have insights to share. Data analysis to determine the gap and structured implementation of measures to close the gap is increasingly used.

Dr Margrét Vilborg Bjarnadóttir will participate in this important event on the 29 June.

Entrega de los premios Universal Fair Pay Check

El 17 de marzo, las empresas recibirán un galardón en base al certificado de igualdad retributiva Universal Fair Pay Check. Este certificado internacional mide, de forma coordinada, el cumplimiento de la igualdad retributiva entre las empresas de diferentes países.

Vean la conferencia que realizó Laura Bayés Sánchez sobre cómo PayAnalytics proporciona las medidas necesarias para la nueva legislación española

En la conferencia se analiza la nueva situación laboral que la publicación del Real Decreto 901/2020 y 902/2020 del 13 de octubre dejará en las empresas españolas. Así mismo, se examinan los problemas que derivan de estas normativas y la manera en la que PayAnalytics los aborda y proporciona soluciones rápidas, eficaces y sencillas.

Companies in Spain are now obligated to take action to ensure equal pay for work of equal value

Companies in Spain are now obligated to take action to ensure equal pay for work of equal value. DireACTIVAS, one of our partners in Spain, wrote an article (in Spanish) on the new legislation and the potential impact it will have on equality in Spain. We are happy to assist Spanish companies in fulfilling the requirements of the new legislation - and our solution is of course also in Spanish!

Margrét Bjarnadóttir will participate in a Reykjavik Global Forum 2020 digital session

Come and join us virtually for a conversation about equal pay: the fast changing legislation around the world, the role of analysis and data driven decision support, the equal pay journey and key levers to drive change - all packed into 90 minutes.

Margrét Bjarnadóttir from PayAnalytics will participate in a Reykjavik Global Forum 2020 digital session on Wednesday 11th November 09:30 UTC.

The name of the event is A Fair Diagnosis: It’s time to close the wage gap - FPI Lab and you can register using the registration link below.

42% of organizations are planning for pay equity adjustments in 2020

42% of organizations are planning for pay equity adjustments in 2020 according to the recently published @WorldatWork 2019-2020 Salary Budget Survey. Is yours one of them? PayAnalytics can help. Our customers use PayAnalytics to assist them in every step on the way towards a transparent and fair pay structure. Our software solution recommends individual raises to close the gap, quickly detects outliers, gives an overview of the cost to help with the budgeting, and so much more.

Addressing Demographic Pay Gaps with Data-driven Solutions | guest feature for insideBIGDATA

Dr. Margret Bjarnadottir (@mvilborg2) from @payanalytics recently wrote a guest feature for @insideBigData about addressing demographic #PayGaps with Data-driven Solutions.

Demographic pay gaps, including the gender pay gap, are the result of more complex factors than just a desire to minimize payroll expenses. They stem from unconscious biases and processes that are better suited to one group compared to another. And, as multiple executives have found out, good intentions and “mindfulness” are not enough to eliminate the gaps.

Why Companies' Attempts to Close the Gender Pay Gap Often Fail

PayAnalytics co-founders David Anderson and Margrét V. Bjarnadóttir wrote an article together with Cristian Dezso and David Gaddis Ross for Harvard Business Review about closing the gender pay gap.

Gender pay equity has become a big point of contention at many companies. Not only have politicians and other public figures spoken out against the gender pay gap, but there has also been a rising tide of high profile lawsuits targeting major employers, most notably in the U.S., with all the bad publicity and financial liability they entail.