PayAnalytics is a cloud-based software solution that enables HR managers and consultants to conduct their own salary review, measure gender and other demographic discrepancies in pay, and offers recommendations on how to close pay gaps. Our reporting and visualization tools allow HR managers to understand the impact of hiring, promotion, and salary adjustment decisions on pay gaps, and to understand trends in their pay structure. PayAnalytics is GDPR compliant and ISO 27001:2013 certified.
The software is sold under a subscription model and it is easy to become a customer and start using it. Get in touch by booking a demo or by using our contact form.
Our solution provides recommendations to give raises to employees where they will do the most good. PayAnalytics delivers a set of raises that closes the pay gap in the fairest and most efficient manner possible, targeting raises to the employees who are driving the pay gap. If some employees should not receive raises, you can mark those, and they will be excluded from the suggestions. You can also get raise suggestions for underpaid employees in general, even those who do not drive your pay gap. Our solution helps you build a fairer salary structure.
The EU pay transparency directive requires organizations to measure, correct and report on pay gaps within groups. When running analyses with PayAnalytics, you can now choose to target raises to close pay gaps on a per-group basis, making it easy to comply with the legislation.
Using the subgroup analysis you can run the same analysis on subsets of the data, for example for each job role, each country, or each department. The results are visualized so that you can see how the groups compare to each other. The pay gap is measured and closed separately in each subgroup, meaning that there may be some groups where raises are suggested for women and others where raises are suggested for men.
PayAnalytics provides a graphical representation of the pay structure of your company, helping you immediately identify trends in compensation, find salary anomalies, and detect the causes of your pay gap. PayAnalytics allows drill-down analysis to understand pay distributions among individual job roles, functional groups, or teams of employees.
PayAnalytics is available in English, Spanish, French, German, Italian, Icelandic, and Swedish.
PayAnalytics is a global solution covering all markets and is currently used in over 75 countries. We support the different equal pay methodologies used around the world, including equal pay for equal work, equal pay for substantially similar work, and equal pay for work of equal value.
In addition the platform has built-in reports that meet various country specific requirements, allowing you to comply with your local reporting requirements at the click of a button.
We continuously add and update built-in reports as new legislations are introduced.
PayAnalytics customers can subscribe to an additional feature where you can define each user's role and access within PayAnalytics more precisely.
PayAnalytics makes it easy to work with pay bands to facilitate pay transparency. You can upload pay bands from Excel or automatically create them based on your data. You can easily see whether employees fall above or below their pay band and get raise suggestions to correct those who fall below. This feature makes it easy to fulfill pay transparency requirements, whether it is in job postings, towards applicants, or current employees.
PayAnalytics supports any demographic variable that your dataset might have, such as race or ethnicity.
Seeing how your data is changing over time or how the results of your analysis compare between months or years could be key when it comes to better understanding your business.
Security is a number one priority at PayAnalytics. By providing Two Factor Authentication (2FA) user data is protected with a password and a second factor such as a mobile phone.
Sometimes the data that upload doesn't have the most up to date information. Someone's salary might have changed recently or someone might have moved into a new position. If you need to edit your dataset after uploading, you can easily do so directly in the platform. PayAnalytics will keep a log of all changes made to ensure transparency.
The reports feature of PayAnalytics gives you full control over how you want to view and report your analysis.
We also include built-in reports which give you an overview of your compensation structure, and meet the legal requirements in your country or state.
You can break down compensation by any grouping variable that you have available in your data. This might be gender, job role, education, or number of direct reports.
You can easily filter down to any subgroup to see the salary structure of that group.
You also get the demographic breakdown of the highest paid employees and salary quartiles.
This is a versatile report feature that can be customized according to each user's needs.
Once you're happy with the report you can easily export it.
The PayAnalytics platform allows you to easily export your data and results. The reports you create can be exported as PowerPoint presentations, results can be downloaded as Excel spreadsheets, and graphs can be downloaded as images.
You can attach notes to different items in the platform, for example, analyses or specific employees. This feature makes it easy remember what you were doing by writing down reminders for yourself and/or explanations for others.
PayAnalytics supports Single Sign On, allowing to fully manage your users' access to the system in a separate authentication system. We for example support solutions like Azure AD, Ping Identity and Okta.
Run analyses on your compensation data, identify the pay gap and get visual comparison of employees. In addition to measuring the pay gap, PayAnalytics helps quantify the determinants of pay, describing the current pay practices of the company. PayAnalytics complements your current payroll and HR systems.
PayAnalytics gives a cost breakdown on the additional salary cost required to close the pay gap. Knowing the cost before having to implement the raises allows HR managers to plan and allocate budget ahead of time.
PayAnalytics has a Workforce Analytics feature that helps you understand and analyze equity within your organization from a broad perspective, moving beyond equity in only pay. The feature gives you insights into the demographic diversity of your organization and helps identify any “problem areas” where there may be unequal access to opportunities or exclusive work culture.
The PayAnalytics software provides helpful tools to quickly spot all individuals whose compensation does not match that of the compensation model. Outlier detection makes it easy to identify employees whose compensation may impose regulatory risk.
The compensation assistant gives you suggestions for the salaries of new employees and when you are deciding the salaries for employees who are moving into a new position. The Compensation Assistant gives you the suggested salaries, and shows the suggestion in the context of similar employees within the company, as well as external compensation benchmarking (if available).
PayAnalytics is ISO 27001:2013 certified. We follow industry best practices to ensure the confidentiality of your data, for example by employing encryption during usage (https) and by mandating disk-level encryption for stored data. Additionally, all data access is audited. If you for some reason decide to stop using PayAnalytics all your data is removed from our systems after the backup retention period expires (30 days).
With job evaluation you can create a framework to compare different jobs and employee characteristics based on standard and objective criteria. You can use our built-in templates, import your own or create a job evaluation from scratch. By basing your equal pay analyses on job evaluation, you can ensure equal pay for work of equal value.
By selecting an employee from your payroll a similarity score gets generated for each employee allowing you to quickly see what employees have similar profiles to your target employee.
One of the most commonly used feature in the PayAnalytics software is the gender pay gap analysis. The software supports both binary and non-binary gender definitions. Gender pay gap analyses can also be run on datasets where gender information is missing on a group of employees.
Compensation Mapping is a feature that you use to ensure equal pay for work of equal value. It gives you insightful and actionable information when you are comparing work that is different in nature, but similar or same in value.
An analysis can be run on a demographic variable and gender at the same time, to analyze the intersectional pay gaps and get suggestions to close them.
It's easy to import your payroll data manually, for example from Excel, but if you like you can use our API to transfer data directly from your salary system.
To make the use of PayAnalytics as easy and enjoyable as possible we have built tutorials into it where users can read about how to get started, learn how to interpret results, and of course watch short videos on all the features of the software.
Can't find what you're looking for? Let us know and we'll add a video, and then make every effort to make the software more intuitive in future releases.
PayAnalytics makes it easy to work with complex compensation data. You can upload and analyze data with multiple compensation components, scale relevant components for part-time employees and create customized aggregates of different components.
PayAnalytics supports global companies that use multiple currencies. In the platform, you can easily define exchange rates, allowing you to upload and analyze data in multiple currencies. Furthermore, you can view data and results from analyses in any currency of your choice, independent of the original currency.
You can easily control which colors are used for different demographic groups in all of PayAnalytics' insightful graphs. This allows you to create graphs that match your organization's color palette.
The software is sold under a subscription model and it is easy to become a customer and start using it. Get in touch by booking a demo or by using our contact form.