How to Use Data to Analyze Pay Equity

Pay Equity Analysis: The Essential Guide [With a Tutorial] - AIHR

Pay equity centers around the belief that employees should be compensated the same if they're doing work of equal value.

How to Conduct a Pay Equity Analysis: Guide for Employers - Factorial

How is Regression Analysis Used in Pay Equity Analysis? ... One of the tools that you can use to analyze your gathered data is what's known as ...

Your First Pay Equity Analysis: What Data Do You Need?

To run your pay equity audit, you'll upload your data into a software program or pass it to a consultant. The software or consultant will then ...

How To Conduct a Pay Equity Analysis (And Why You Should)

A pay equity analysis is a statistical process that allows you to identify inequity in your pay structures by cross-referencing pay with various factors.

8 Steps to Conducting Pay Equity Analysis - Omni HR

Compensation details (salaries, benefits, and bonuses) · Employee tenure · Work hours · Demographics and secured data like age, gender, and ...

Diversity & Inclusion: How to Run a Pay Equity Analysis | Visier

Get intimate with your data–use a discerning eye and make sure no outliers exist, currency is equivalent, pay period is consistent, etc. · To capture the gender ...

Basics of Regression Analysis for Pay Equity Studies

For a pay equity study, many of the relevant data points are tracked by firms themselves within their employment and payroll database systems, ...

5 Steps to Analyze Pay Equity for Financial Services - Syndio

Many financial services and FinTech organizations believe they can perform a pay equity analysis themselves, using their own analysts or data scientists. While ...

Statistics 101 for Pay Equity

In a statistical analysis (including a pay equity analysis), it's important to work with data that's close to normal after controlling for our ...

Blueprint: How to conduct pay equity analysis - HRD Connect

Initiating an effective pay equity analysis starts with a comprehensive identification and gathering of relevant data sources. This involves ...

ACHIEVING PAY EQUITY: HOW ANALYTICS HAS EVOLVED TO ...

A standard pay equity analysis compares pay for similar work ... there may be reasons for differentiated pay rates that are not reflected in analysis data.

Pay Equity Analysis: A Complete Guide for Employers - Rippling

Using statistical methods, compare pay across different demographic groups within each job category. Look for any significant disparities that ...

Improving Pay Equity Through Data–Driven Insights - GovStrive

Pay equity analyses can be performed using regression analyses and decomposition analyses. Agency leaders can then use the results of the analyses to determine ...

How to Use Data to Analyze Pay Equity - Summit Consulting

Here, Summit explains how to answer this question using regression modeling, predictive analytics, and statistical matching.

Initial pay equity analysis: a five-step process - PayAnalytics

The adjusted pay gap is measured by using regression analysis. The regression model measures the effect each variable has on employees' salaries ...

Pay Equity Analysis Data You Do & Don't Need to Start - Syndio

The Data You Do — and Don't — Need for Your First Pay Equity Analysis · 1. Sufficient coverage of identity variables: First and foremost, you ...

A Guide to Pay Equity Analysis | Lucidchart Blog

Conducting a seven-step pay audit · 1. Plan early and plan well · 2. Research your pay policies · 3. Gather the data · 4. Compare the work of employees with similar ...

What Is Pay Equity Analysis? (Plus How To Perform It) | Indeed.com

They can then use the data to improve pay conditions in their organization, allowing them to recruit more easily. Reduced legal risk. Both ...

Managing Pay Equity - SHRM

Break down total compensation data by gender, role, department, and tenure. Include base salary, bonuses, and benefits. Use statistical methods ...

Measuring Pay Equity: Small Sample Size Group Analysis

The test of median-split proportions for an analysis of gender equity in pay compares the proportion of men and women who are above and below median pay.