
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.
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.
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.
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.
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 Rather than relying on written and static reports which are quickly outdated, PayAnalytics gives a snapshot of the current situation.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.
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.
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.
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Our newsletter covers topics like pay equity, compensation & benefits, DEI (diversity, equity and inclusion) and legislation changes as well as news on our company and software updates.