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World leading
pay equity
solution.
pay equity
solution.
Find and close all pay gaps.
Trusted by Global Enterprises, Institutions & Local Businesses.
PayAnalytics is trusted by companies of all sizes around the world, including Fortune 100 and Fortune Global 500 companies. Our current clients include banks, insurance providers, life science and pharmaceutical companies, municipalities, institutions, energy companies, manufacturers, consultants, IT companies, retail stores and many more, ranging from under 100 employees to over 100,000. It is easy to get started and the software is currently available in seven languages.
The PayAnalytics software does the following
PayAnalytics is a fairness driven platform, rooted in science. PayAnalytics runs in your browser and there is no installation cost. The software is used by HR managers, compensation analysts, consultants, and executives in 75 countries for companies with anywhere from 40 to over 100,000 employees.
- We measure diverse pay gaps, including the gender pay gap.
- Full support of diverse gender definitions including non-binary.
- Full support of intersectionality for example between gender and other demographic groups.
- Calculate the difference in pay between demographics after accounting for the factors that determine pay at your organisation, like job role, performance, education, and experience.
- We highlight problem areas and provide fairness driven solutions.
- We answer which employees should get a raise and by how much to close any pay gap.
- And we tell you the investment needed to eradicate the pay gaps.
- We support ongoing data driven decision making.
- The graphical overview provides an overview and drill down capabilities of your salary structure.
- The system suggests fair salaries for new employees and employees who are moving into new positions.
- The impact of each salary decision is available at your fingertips, before you make the decision.
- The software allows you to compare salary data to see what has changed between months and how it affected the pay gap.
- We support international pay equity reporting.
- The software makes it easy for you to comply with the EU pay transparency directive.
- Find with one click the most comparable employees for any given employee.
- The Workplace Equity feature helps you understand and analyze equity within your organization from a broad perspective, moving beyond equity in only pay.
- Visit the product page for further details
Fairness and Cost
Steps necessary to reduce or close a pay gap
PayAnalytics gives tailored recommendations to close the pay gap in the fairest and most efficient manner possible. We identify which employees are causing the gender pay gap, and recommend they receive raises first. By targeting raises to where they will do the most good, we can close the gender pay gap in the fairest and least expensive manner possible.
Better Overview
Provides an overview of the salary structure
PayAnalytics provides a statistical measurement of the gender pay gap using regression analyses. It provides visualizations of the salary distribution by gender across job roles. Combined, numerical and graphical representations of the current pay structure allows HR managers to identify drivers of gender pay gaps, find salary outliers, and find ways to bring compensation more in line with their company's strategic goals.
Real Time Data
How to keep the pay gap closed?
PayAnalytics allows companies to get a real-time picture of their pay gap and compensation structure. Rather than relying on written and static reports which are quickly outdated, PayAnalytics gives a snapshot of the current situation. PayAnalytics allows HR managers to evaluate the impact on the gender pay gap of every salary decision they make. PayAnalytics makes it easy to analyze company-wide annual raises, ad-hoc salary adjustments, and the impact of new hires, which enables companies to prevent a pay gap from re-emerging once it has been closed.
Security
In the Cloud
PayAnalytics is a cloud based solution - you can start using it immediately and it will not add additional burden to your IT department. Data confidentiality is a top priority for PayAnalytics and we have strict internal processes to ensure your data stays safe.
PayAnalytics
Awards and funding
In September 2020 it was announced that Margrét Bjarnadóttir, the Chairwoman of PayAnalytics, was a finalist in the category Diversity leader of the year for the Nordic Women in Tech Awards. Bjarnadóttir also won the top prize at the 2019 Global Women Inventors and Innovators Awards (GlobalWIIN) which were presented in London for the PayAnalytics software solution. In April 2019 PayAnalytics won the Wharton People Analytics Conference Startup competition. PayAnalytics was the National Winner of the Nordic Startup Awards in Iceland in 2018 in the categories Best Newcomer and Best Social Impact Startup. PayAnalytics was the winner of the Golden Egg in 2016, an entrepreneur competition sponsored by Icelandic Startups. PayAnalytics is supported by the Icelandic Technology Development Fund.
Latest updates
In the PayAnalytics newsroom you have an overview of the latest news on PayAnalytics and related content. You can also follow us on Twitter, LinkedIn, Instagram and Facebook, or sign up for our newsletter.
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