1. SCOPE OVERVIEW
The Allshares PayAnalytics powered by beqom enables Company 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
- 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 may be available, subject to a separate agreement and payment of additional fees.