beqom’s AI-driven compensation software helps you identify inequities in pay, including your firm’s potential gender pay equity gap, and automates the process of ensuring fair and compliant pay practices.
Kavitha Nallatamby, Platform Developer, beqom
Attract and motivate talent using technology to ensure fair pay
Equality in the workplace can not only help attract talent to your company, but will help retain and motivate employees across the board. Leverage beqom’s recommendation engine using predictive analytics, artificial intelligence, and rewards modeling capabilities to build a performance-based culture that applies rewards equitably across your entire workforce.
The smart tools you need to close pay gaps
Measure total compensation across attributes like gender, age, and race, along with factors like job grade, performance, tenure, and location, to see where pay inequities exist. Then produce actionable intelligence on how to remedy the issues.
Centralize employee & benchmark data
Gather employee job, performance, demographic, and compensation data, along with internal and external benchmarks, into a central location to allow analysis.
Establish truly comparable peer groups
Leverage arithmetic, logical and statistical functions to create smart peer groups by combining employee attributes and demographic data.
Use automated scoring to identify outliers
Calculate median benchmark amounts by peer group and identify outliers and their attributes through a rules-based scoring mechanism.
Generate remedial compensation budgets
Use the results of the employee peer group deviations to determine how compensation budgets should best be distributed to address flagged individuals.
Employ predictive analytics to identify root causes
Use predictive models to identify when pay gaps are caused by gender or any other bias or factor, and identify at risk individuals.
Apply AI to predict and prevent future gaps
Predict and prevent future pay gaps and their potential impact, aided by Artificial Intelligence, using beqom's Machine Learning based predictive layer.
Gain trust and attract a diverse workforce through fair pay and transparency
51%
of workers in the U.S. and U.K. do not know or do not believe their employers or managers take closing the gender pay gap seriously.
48%
of U.S. workers believe that men get paid more than women at their company despite equal skill, performance, and experience.
63%
of workers in the U.S. and U.K.would be more willing to work at a company that discloses its gender pay gap figures yearly.
73%
in the U.S. and U.K. think there should be a national law mandating companies to disclose gender pay gap figures.
Identify pay gaps in your organization so you can work to close them
Our experts can work alongside you to help measure and address wage gaps and other unfair pay practices. Get up and running in as little as six weeks.
Measure true wage gaps.
Find gaps in base and bonus salary for positions of equal skill and tenure.
Find problem areas.
Uncover specific teams or managers that may be rewarding employees unfairly so you can take corrective action.
Address all levels of the organization.
Create a culture that offers equal opportunity for pay increases and career progression.
Examine benefits.
Determine if workplace benefits are offered equally to all employees, regardless of age, gender, or race.
Support working parents.
Ensure that parental leave and caregiver duties do not penalize working parents.
Analyze executive compensation.
Address wage gaps and compensation strategy among your highest earners.
