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Make pay equity a part of every comp decision

Data-driven. Transparent. Always-on.

Go beyond compliance to build a culture of fairness where pay equity is embedded into daily compensation processes, supporting data-driven real-time pay decisions.

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Ensure fair pay and compliance anywhere in the world

Put data science to work for your business and make it easy for HR and managers to make fair, data-driven pay decisions on a daily basis.

Satisfy all your stakeholders—employees, management, investors, and regulators—by ensuring equitable compensation that complies with local and global regulations.

Make pay transparency and equity a natural part of your workflows using built-in reports that are tailored and continuously updated to meet country-specific requirements.

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Spot problem areas and ensure pay equity

Create more equitable compensation structures by analyzing gender and ethnicity breakdowns, especially regarding performance distribution and potential pay equity problem areas, taking into account total compensation (salary, bonus, total cash, LTI, …). A deep dive analysis across all employee demographics can pinpoint pay gaps tied to additional factors such as age, experience, performance, etc., including intersectionality, to identify justified vs. unjustified gaps.
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Spot problem areas and ensure workplace equity

Create more equitable compensation structures by analyzing gender and ethnicity breakdowns, especially regarding performance distribution and potential pay equity problem areas, taking into account total compensation (salary, bonus, total cash, LTI, …). A deep dive analysis across all employee demographics can pinpoint pay gaps tied to additional factors such as age, experience, performance, etc., including intersectionality, to identify justified vs. unjustified gaps.
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Calculate pay gaps and identify root causes of inequity

Identify and understand pay gaps and gain insight into the current pay practices at your company, aided by a visual comparison of employee populations. Define comparable peer groups using any criteria in order to get both uncontrolled and controlled pay gaps (adjusted for demographics) for the same country, job, job family, grade, etc. Thanks to beqom’s sophisticated ML engine you can design and run different multivariate regression models to identify the real pay drivers for each employee group and address potential unexplained pay gaps.
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Create budgets to find the optimum  remediation strategy

Design top-down and bottom-up budget simulations to help your organization create an effective plan to close compensation gaps. Knowing the cost before implementing salary changes allows HR managers to plan and allocate budget ahead of time. Compare different budget scenarios based on individual recommendations to know where to focus remediation efforts and close the gaps with best cost efficiency.

Create budgets to find the optimum  remediation strategy

Design top-down and bottom-up budget simulations to help your organization create an effective plan to close compensation gaps. Compare different budget scenarios based on individual recommendations to know where to focus remediation efforts and close the gaps with best cost efficiency.

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Make informed comp decisions for continuous fair pay

To support compensation planning and make pay decisions, get a visual representation of your salary structure to help see compensation trends and identify anomalies. Upload your pay bands or automatically create them from your internal or external compensation data and position employees or job candidates within the appropriate bands. 

Push recommendations to the field to effectively close the gap by supporting HR or line managers in remediation actions during a merit increase, hiring, promotions, or transfers, and provide accurate “bias-free” pay guidelines with individual positioning and pay ranges. Leverage the integration of pay equity, performance, and comp review in the same solution to avoid data issues and provide a seamless user experience.

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Address pay gaps in a targeted, effective way

beqom provides personalized recommendations for strategic salary adjustments, aimed at closing the pay gap fairly and efficiently, prioritizing the individuals contributing most significantly to the disparity. You can choose to exclude specific employees from the suggested adjustments. Get salary increase suggestions for underpaid employees as well, even if not directly impacting your pay gap. beqom empowers you to construct a more equitable salary structure.

 

Perform job analysis to ensure equal pay for equal work

Conduct an analysis to compare various jobs and employee attributes using objective criteria to determine the equivalency of different jobs. Utilize our pre-built templates, import your own templates, or build a job analysis from the ground up. This job evaluation process provides a foundation to help ensure equal pay for equivalent work.

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Comply with US pay transparency laws by state

beqom provides the reports you need for compliance, at the click of a button, so that you can:

  • Support laws in the US at the state and city levels such as requirements for transparency of salary ranges and benefits to promote fairness and equity in the workplace. 
  • Meet OFCCP and EEO compliance obligations and produce any required compensation analysis reporting.
  • Conduct privileged pay equity analyses without waiving attorney-client privilege.
  • Get continuously updated reports to meet individual state requirements as regulations change.

Comply with the EU Pay Transparency Directive and country rules

Get the support you need to provide the analysis and reporting required for meeting EU and global compliance requirements:

  • Support the different pay equity 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. 
  • Comply with the EU Pay Transparency Directive by being able to measure, correct and report on pay gaps within groups, including applying targeted raises to close pay gaps on a per-group basis. 
  • Get continuously updated reports to meet country-specific requirements as regulations change, allowing you to comply with worldwide reporting requirements.
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Create workplace equity beyond just pay

beqom’s Workplace Equity analyzer helps you understand the larger picture around fairness and diversity in your organization, beyond just pay equity. Gain insight into the demographic diversity of your organization and spotlight issues such as unequal access to opportunities or demographic differences in raises or promotions, by analyzing representation of sub-populations in different roles and pay levels. Likewise, analyze the diversity aspect of hiring and attrition to understand how your workforce is changing.

Get the reports you need for decision support and compliance

Leverage all pay equity analysis directly in your compensation and performance review processes to enable intelligent decisions. Comply with any local pay equity and transparency regulations and reporting requirements.

Leverage our pay equity experience

Let beqom’s pay equity advisors help you with best practices, whether you just want quick implementation guidelines or a full-blown pay equity project, including strategy, policy, practices, and communications.

Not only can we jump-start your equal pay initiative, we can then put your HR team in control by developing in-house expertise with on-demand support.

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beqom Studio

Pay equity builder

Build the right pay equity plans based on solid data

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  • Design pay equity plans at any level: country, peer group, etc.
  • Identify main pay drivers
  • Track budget as it’s allocated

Easily manage

  • Define peer groups for cohort analysis and identify and exclude outliers
  • Supervise an equitable continuous performance process 
  • Produce pay adjustment recommendations and support line managers or local HR to close unexpected pay gaps

Predict & run

  • Run multivariate regression models to get adjusted pay gaps
  • Run pay equity budget simulations to evaluate cost-to-close pay gaps
  • Integrate pay equity into recruiting, promotion, and ad-hoc salary review

See more

  • Design pay equity plans at any level: country, peer group …
  • Identify main pay drivers
  • Track budget as it’s allocated

Easily manage

  • Define peer groups for cohort analysis and identify and exclude outliers
  • Supervise an equitable continuous performance process 
  • Produce pay adjustment recommendations and support line managers or local HR to close unexpected pay gap

Predict & run

  • Run multivariate regression models to get adjusted pay gap
  • Run pay equity budget simulations to evaluate cost-to-close pay gap
  • Integrate pay equity into recruiting, promotion, ad ’hoc salary review
beqom_Homepage_Product_Studio

Related Resources

The Pay Equity Playbook: An HR Strategy

8 Steps to Sustainable Pay Equity Part 1 Analyze & Plan

With increasing media attention and global regulations around the gender pay gap, it’s no surprise that employees know and care—a lot—about pay equity. In this guide we look at employees attitudes and employer actions that can make a difference.

Leveling the Paying Field Report 2023

eGuide-2023-Pay-Gap-Report-Resources

We surveyed 2,000 employees in the US and the UK to learn their perspectives on the gender pay gap in their respective markets, as well as total compensation, and pay transparency. We dissect the data to see how answers varied by both genders and generations.

The New EU Equal Pay Directive: What to Know

beqom-2022-Blog-on-Three-Top-Talent-Must-Haves-for-2022

Pay transparency and equal pay are no longer just ideals in the European Union. The European Parliament voted to adopt the EU’s pay equity and transparency directive. Is this just an added burden or is there an upside to pay transparency and equity?