PayEquity by beqomAdd precision, clarity and fairness to your pay decisions.
Make pay equity software a part of every comp decision: Data-driven. Transparent. Always-on. With data science on your side you can now make clear and accurate pay decisions on a daily basis, helping build a culture based on fairness.
See how easy pay equity software can be
with PayEquity by beqom
beqom features
Pay equity at scale requires the right tools. Smart ones.
Achieving fair pay and an equitable workplace in a large enterprise requires not only commitment but the right solution and professional support. Arm yourself with the best technology and external expertise on the market that can make pay equity a reality.
Pay Equity Analysis
Bring equity to your entire organization.
Ensure fairness, equity and diversity by getting a clear view of your company’s internal pay structures and workforce composition. With support of our pay equity software, easily analyze demographic breakdowns and flag pay equity issues fast.
beqom benefits
The beqom effect
Unified
Stop issues in their tracks.
Integrate pay equity, performance, and comp review in the same platform to avoid data issues and provide a seamless user experience and support.
Optimized
Optimize your budgets.
Design top-down and bottom-up budgets to create an effective internal pay equity strategy. See where to focus remediation efforts and close the gaps with optimal cost efficiency and time.
Clear
Bring clarity to decision-making.
Make better pay decisions and enhance compensation planning. Get a complete overview of your salary structure to see compensation trends, flag anomalies and disparities.
Compliant
Any regulation. Complete compliance.
Meet requirements at any level, any time, and on any market, including the US, Canada, and Europe. Simply run privileged pay equity analyses without waiving attorney-client privilege.
beqom difference
Meet our customers.
financial servicesAllianz Success Story
Read moreRead how Allianz addressed pay parity across its global workforce of 100,000 employees, winning an HR Management Prize for Global Approach to Pay Equity.
CompComplete
Raising the bar for total compensation.
Made by experts, our next-gen comp platform is based on the latest AI tech. Lose the constraints of spreadsheets and generalist suites. Gain the freedom to deliver any comp process for a total comp strategy that is fair, compliant, and competitive.
Pay ManagementTotal compensation without compromise.
Pay TransparencyClear reward, clear purpose. For every employee.
Pay EquityPut fairness first: close pay gaps for good.
Pay IntelligenceAlways pay the optimal amount.
The complete suite
Comp management meets the power of AI.
Our flexible, cost-effective comp management platform easily fits into your company’s existing set-up. Built on the latest AI technology, our solution enables full self-service for even the largest enterprises on the market. Streamlined administration, a cutting-edge UI, effortless scalability and performance with built-in security: Unlock the future of compensation today.
about beqom pay equity software
FAQs
What does pay equity software do?
Pay equity software helps organizations identify, analyze, and address pay disparities across their workforce. It uses data-driven insights to ensure fair compensation practices, tracking internal factors like gender, race, and job roles to promote equal pay for equal work.
What is a pay equity system?
A pay equity system refers to the processes and tools used to ensure that employees receive equal pay for work of equal value, regardless of factors like gender, race, or ethnicity. It aims to prevent pay discrimination and promote fairness.
Who uses pay equity software?
Pay equity software is typically used by HR professionals, compensation managers, DE&I leaders, and compliance officers within organizations to monitor and improve fair compensation practices for equal work, and prepare obligatory pay data reports.
How to prevent pay inequity?
beqom’s platform uses advanced analytics and data science to detect and address pay gaps, providing transparency and proactive recommendations. It helps organizations allocate compensation fairly, automate audits and compliance reporting, and implement sustainable pay equity measures.
What are the components of pay equity software?
The core components include data analytics, pay gap analysis, compliance reporting, compensation benchmarking, goal-setting tools, and actionable insights to eliminate pay disparities and track progress over time.
What analytic tech does pay equity software use?
Pay equity software typically uses advanced analytics like multivariate regression analysis to identify statistically significant pay gaps and uncover hidden patterns of inequity, along with data visualization tools for easy-to-understand reports and automated external compliance reporting.
What metrics pay equity software tracks?
It can track metrics such as the gender pay gap, ethnicity pay gap, salary distribution by job level, performance-based compensation, representation in leadership roles, and pay adjustments made for equity.
What is the best approach to pay equity?
The best approach to managing pay equity involves a proactive, data-driven strategy. Key steps include:
- Conducting regular pay audits
- Implementing transparent pay policies
- Correcting pay gaps
- Ongoing monitoring and reporting
- Embedding equity into compensation processes
Resources
Navigating Pay Transparency: A Complete Handbook
This go-to guide covers the what, why, and how of pay transparency, and it offers best practices and some insight on the EU directive. Throughout, we provide links to other pay transparency resources so you can take a deeper dive.
Read more
New Laws Based on EU Pay Transparency Directive Take Shape in Belgium
Belgium’s pay equity reporting requirements date back to 2012. Recently, the country’s French Community became the first EU jurisdiction to transpose parts of the EU Pay Transparency Directive into law.
Read more
Getting Ready for CSRD Pay Equity Reporting
Is your organization prepared for the EU’s new CSRD requirements on pay equity reporting? Discover what it takes to ensure compliance and transparency in the evolving regulatory landscape.
Read more
