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A data-driven approach to achieve pay equity
Fair. Transparent. Compliant.
Build a culture of fairness that meets strict regulatory requirements and fosters an environment where everyone thrives.
Ensure fair pay and compliance anywhere in the world
Satisfy all your stakeholders—employees, management, investors, and regulators—by ensuring fair and equitable compensation that meets regulatory requirements around the globe.
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.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.Use regression model to calculate pay gaps and identify root causes of inequity
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 ML pay predictor 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.
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.
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.
Apply remediation during comp planning for continuous fair pay
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.
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.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.
Want to see it in action?
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, but we can also then put your HR team in control by developing in-house expertise with on-demand support.
beqom Data Drivers
Unified data for better decisions
Data quality and integrity are built into the beqom platform—delivering data you can trust.
Connect directly to your HCM suite
Bring in employee and historical data from all major HCM suites and unify it with benchmark and performance data to automate your pay equity and compensation processes and deliver a seamless user experience.
By enhancing your HCM with beqom's best-of-breed compensation management, you get:
- Pay equity and compensation your way, without system limitations
- More accuracy, less manual effort, less risk
- Data you can trust, for better decisions
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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
Related Resources
Compensation and Culture Report 2022
Ever wonder what your employees are thinking? We surveyed 2,000 active workers in the US and UK to find out their opinions on compensation, pay transparency, company culture, and what it really takes to attract, engage, and retain them in today's changing times.
Leveling the Paying Field Report 2023
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
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?