Salary.com Launches Pay Equity Reporting Toolkit

Expanded pay equity capabilities help companies assess where and why gaps exist

WALTHAM, MA (March 24, 2021) – Salary.com, the compensation management solution providing more of the trusted data and intuitive software organizations need to get pay right, today announced the launch of the CompAnalyst Pay Equity Reporting Toolkit. As companies prioritize identifying potential pay disparities within their organizations, the timely launch of this Toolkit allows for a deeper dive into identifying differences in pay based on gender, race, age, or any basis of comparison that a company finds important. As part of CompAnalyst’s Reporting and Analytics Module, the Pay Equity Reporting Toolkit provides the tools needed to assess where pay discrepancies exist, giving companies the information to understand why such gaps exist, and the corrective action they can take.

The standard reports in the new Pay Equity Reporting Toolkit are analyzed by job, family, level or grade across gender, ethnicity or age, all of which can be customized. Among the types of reports offered are:

• Pay Equity at My Company
• Pay Equity by Ethnicity, Gender or Age
• Equal Pay for Equal Work
• Individual Employee by Job
• Average Pay Spread by Gender

The Pay Equity Reporting Toolkit is best leveraged in tandem with Salary.com’s other tools as part of a workforce planning suite by including:

• JobArchitect, which streamlines job description management by offering guidelines for jobs with similar duties, responsibilities, and leveling based on matching, which is critical when looking for pay disparities.
• CompAnalyst Market Data: this 100 percent HR-reported compensation database ensures that once the content of jobs is defined, HR can understand any pay differences that might exist compared to the market.

“Given that today is Pay Equity Day, it’s particularly meaningful to the Salary.com team to launch this expanded pay equity capability,” said David Cross, senior compensation consultant at Salary.com. “Pay equity legislation and DE&I initiatives have led employers to review their compensation practices on a recurring basis. This renewed focus is proving beneficial to both employers and employees, as paying equitably helps companies acquire and retain the best talent, build employee engagement, increase innovation, and improve business performance. By using our Pay Equity Reporting Suite alongside JobArchitect and CompAnalyst, organizations have a solid foundation on which they can build a sound workforce plan and get pay right.”

For more information and to request a demo, visit https://www.salary.com/request-demo.

ABOUT SALARY.COM

Salary.com is the leading SaaS provider of compensation market data, software, and analytics, bringing more of the trusted data and intuitive software organizations need to get pay right. The industry’s fastest-growing compensation management company, Salary.com serves over 25,000 survey participant organizations, over 8,000 business-to-business software subscribers, and over 30 million employees globally. For more than 20 years, Salary.com has empowered confident decisions by aligning compensation practices with recruiting, performance, and development initiatives through easy-to-access data and meaningful insights.

The market-leading CompAnalyst© SaaS platform accelerates compensation workflows, delivers real-time data, and powers accurate, equitable, and competitive compensation. Through its Salary Wizard and pioneering website, Salary.com delivers continually updated, reliable market pay data and career content to over 30 million visitors each year. For more information, please visit the company website at www.salary.com.

Media Contact:

Julie Murphy
Julie.murphy@salary.com
617-967-5426