Functionality Description (Pay Equity module)

Last Updated: February 2024

1. SCOPE OVERVIEW

The beqom Pay Equity solution enables Client to manage, on the Platform, the overall pay equity process
including reporting and regression analysis to effectively close the gap with remediation actions supported by
a flexible advanced analytics solution.

2. DESCRIPTION OF FUNCTIONALITIES

Pay Equity:

• Calculate the gender pay gap and other demographic pay gaps based on numerical and
  categorical variables. The Solution enables the user to build models using a backward variable
  selection
• Publish the results of the pay analysis
• Propose pay raises in order to reduce the pay gap using a maximum and minimum pay raise per
  individual raise, based on the user’s preference. Proposals are based on budget only, fairness
  only, or a mixture of budget and fairness
• Give an overview of the employees and the pay raises, both graphically and in a table
• Give an overview of the cost of reducing the gender pay gap
• Suggest salaries for new employees or employees who move into new positions
• Compare salary information data sets
• Give an overview of the salary structure and the gender distribution
• Equity reporting
• Pay equity analysis and insights.

3. LANGUAGES

The below languages are available as a standard:

• English
• German
• French
• Icelandic
• Italian
• Spanish
• Swedish

Other languages can be purchased separately.