Achieve authentic pay equity with software
Identify, understand and resolve pay disparities.
PayParity® is the world's premier software solution for conducting a pay equity audit across your workforce at the intersection of gender, race/ethnicity, age, disability and more in one statistical regression analysis. By offering an all-encompassing view of your workforce's compensation, PayParity not only identifies pay inequities but also uncovers their root causes. This invaluable insight empowers you to proactively address and prevent pay inequity, setting the gold standard for fairness. PayParity is GDPR compliant and SOC 2 Type II certified.
Start your seamless pay equity journey today
Resolve Pay Disparities
Ensuring pay equity is a legal imperative. The past few years have seen pay equity regulations and legislation expanding around the world. Increased legislation means increased compliance and reporting activities for businesses.
Employers also have an ethical obligation to ensure their employees are paid fairly. Pay equity is an important part of attracting and retaining top talent in a competitive labor market.
PayParity by Trusaic helps you find and fix pay disparities at your company now and forever. Your HR data links with our pay equity software technology, analytics and expert support so you can do your own pay equity audits in real time, any time, without sacrificing attorney-client privilege.
Our audits go wide and deep - way beyond pay gap reports. With our technology, you can see pay disparities company wide by geography, department and individual employees. Additionally, you can analyze pay in multiple demographics combined, such as gender, race, ethnicity, disability and sexual orientation - all in one analysis and on-demand.
Additionally, our software solution:
- Identifies the root cause of pay inequities so you know what to do next to make the right fix. When you're ready to chip away at the pay disparities, budget modeling helps you keep it fair and organized based on your priorities, budget and time.
- Provides a cost breakdown on the additional compensation required to remediate pay disparities. Having this valuable data at your fingertips allows your HR managers and compensation teams to allocate appropriately during salary budget increase planning.
- Has visual dashboards with easy-to-follow graphical depictions of the pay structure in your organization helps you interpret the data quickly and find the root causes of pay disparities within your organization and solutions for how to resolve them.
Achieve pay equity with PayParity
Resolve pay disparities
PayParity®
- Gender, race/ethnicity comparison
- On-time, on demand pay equity analytics
- Unlimited pay analyses
- Continuous pay gap monitoring
- Risk identification
- Disparity progress tracking and trending
- Custom remediation strategies
- Cost and planning simulations
- Pay policy model effects
- Systemic root cause identification
- Employee risk clusters
Stop pay inequity
Salary Range FinderTM
- Comply with state pay transparency laws
- Salary guidance for recruiters and managers
- Salary range recommendations that incorporate external labor market data with internal pay equity analytics
- Determine total compensation in real-time
- Prevent wage compression
- Overlay internal pre-approved pay ranges
- The most current and accurate labor market data from Lightcast™
- Fair pay recommendations that prevent pay inequity
Ensure workforce equity
Opportunity ParityTM
- Visualize workforce demographics intuitively
- Compare gender and race demographics by industry and company size
- Monitor hiring, promotion, retention trends over time
- Forecast future workforce trends and demographic shifts
- Identify factors driving hiring, promotion and retention rates
- Integrate seamlessly with HCM systems: Workday, UKG, SAP & ADP
For confident compliance
Global Pay Data ReportingTM
- Customized compliance calendar
- Understand pay equity standards globally
- Support for over 39 global jurisdictions
- Access to Trusaic's global jurisdictional database
- Ensure precision in reporting accuracy
- Navigate diverse regulations with ease
- CART methodology ensures no missed requirements
Prevent Pay Inequities
Once you are on track, stay on track and prevent pay inequities with our Salary Range Finder feature. The tool provides users with suggested pay ranges for every job posting that can be segmented by region to account for geographic pay differentials, which makes them competitive on the outside and fair on the inside. Salary Range Finder makes it easy to comply with the expansive pay transparency legislation in the U.S., Canada, Brazil and Europe.
Features of Salary Range Finder:
- No additional configuration required. Powered by industry-leading labor market data from Lightcast™ and your internal pay analytics, the real-time results ensure all of your pay decisions are equitable and reduce the need to perform expansive and unplanned pay remediations in the future.
- Seamless integration The tool integrates with leading HRIS systems Workday, UKG, SAP, and ADP. It leverages data from some of the most reliable market compensation databases in the world to provide you with accurate external benchmark metrics and combines it with pay range data developed directly from a pay equity analysis performed on your compensation data.
Together you can make sure the compensation amount you're offering to outside candidates is equitable in relation to other employees within your organization doing comparable work, as well as making sure you're remaining competitive relative to market rates for the position.
The best way to achieve pay equity at your organization is to proactively prevent pay inequities from the point of hire. With the Salary Range Finder, you're communicating to your employees, stakeholders, prospects, clients, and the whole world that you're committed to pay equity.
Compare to the alternatives
| Trusaic | Syndio | Payscale | Gapsquare | Mercer | DCI Consulting | Law Firms | |
|---|---|---|---|---|---|---|---|
| Salary Range Finder™ | |||||||
| Lightcast™ market compensation data | |||||||
| Pay equity auditing at the intersections of gender, race/ethnicity and more | |||||||
| Systemic root cause identification | |||||||
| EDGE Certification | |||||||
| Dedicated pay equity experts | |||||||
| Equity in hiring, promotion, and retention using statistical analysis | |||||||
| Disparity progress tracking and trending | |||||||
| Ongoing diversity tracking and scoring | |||||||
| Continuous pay equity monitoring | |||||||
| Dedicated data scientist, labor economist and data professionals | |||||||
| Government Filling and ESG Reporting | |||||||
| Remediation strategy development and consulting | |||||||
| Analyzing and updating compensation policies | |||||||
| Counseling guidance for new hires, raises and promotions | |||||||
| Employee perception gap and belonging analysis | |||||||
| Seamlessly integrates with major HCM systems | |||||||
| Seamlessly integrates with major identity management services | |||||||
| Dedicated data extraction, consolidation and cleansing | |||||||
| Investment | $$ | $$ | $$ | $$ | $$$$$ | $$$$$ | $$$$$ |
This comparison chart includes our assessment of the alternatives, based on our review of publicly available data. A law firm, typically an employer law firm, may perform some or all of the noted elements, internally or through outside vendors.
Compare to the alternatives
| Trusaic | Syndio | Payscale | Gapsquare | Mercer | DCI Consulting | Law Firms | |
|---|---|---|---|---|---|---|---|
| Salary Range Finder™ | |||||||
| Lightcast™ market compensation data | |||||||
| Pay equity auditing at the intersections of gender, race/ethnicity and more | |||||||
| Systemic root cause identification | |||||||
| EDGE Certification | |||||||
| Dedicated pay equity experts | |||||||
| Equity in hiring, promotion, and retention using statistical analysis | |||||||
| Disparity progress tracking and trending | |||||||
| Ongoing diversity tracking and scoring | |||||||
| Continuous pay equity monitoring | |||||||
| Dedicated data scientist, labor economist and data professionals | |||||||
| Government Filling and ESG Reporting | |||||||
| Remediation strategy development and consulting | |||||||
| Analyzing and updating compensation policies | |||||||
| Counseling guidance for new hires, raises and promotions | |||||||
| Employee perception gap and belonging analysis | |||||||
| Seamlessly integrates with major HCM systems | |||||||
| Seamlessly integrates with major identity management services | |||||||
| Dedicated data extraction, consolidation and cleansing | |||||||
| Investment | $$ | $$ | $$ | $$ | $$$$$ | $$$$$ | $$$$$ |
This comparison chart includes our assessment of the alternatives, based on our review of publicly available data. A law firm, typically an employer law firm, may perform some or all of the noted elements, internally or through outside vendors.
Comply With European Legislation
The European Union Pay Transparency Directive requires organizations to measure, correct and report on pay gaps within groups of employees. When running analyses with Trusaic's pay equity software, you can easily identify areas where targeted raises will close pay gaps on a per-group basis to ensure compliance with the legislation without creating issues in other jurisdictions.
Trusaic is GDPR compliant and can assist any organization in meeting its obligations under both the EU Corporate Sustainability Reporting Directive and EU Pay Transparency directive.
Ensure Workplace Equity
You can ensure consistent workplace diversity and equity by leveraging our OpportunityParity™ tool, which provides hiring, promotion, retention, and opportunity analytics to keep you ahead of potential inequities.
OpportunityParity is your comprehensive solution for identifying and addressing equity issues within your organization's promotion, hiring, and transition processes. Built upon the affirmative action principles defined by the OFCCP, OpportunityParity empowers you to ensure fairness and inclusivity at every stage of your talent lifecycle.
Global Pay Data Reporting
Navigating the intricacies of global pay data reporting can be daunting, with diverse deadlines, thresholds, and regulations to manage. Trusaic offers a comprehensive solution to streamline and ensure precision in reporting across jurisdictions globally.
Our workplace equity software is equipped to help organizations all over the world achieve workplace equity. Our software also has built-in features that will help you comply with international pay equity laws, such as Canada's Pay Equity Act of 2018 and Pay Equity Regulations, and Ireland's Gender Pay Gap Information Act of 2021, and the European Union's Pay Transparency Directive at the click of a button.
With our Workplace Equity Product Suite you will stay ahead of global pay data reporting requirements with analytics that give you greater visibility and insight into your employee pay data. Our proactive equal pay risk assessment can identify potential pay discrimination, differences in overtime participation and discrepancies in job category representation to make you aware of potential issues before you file.
Our software combined with our team of experts at Trusaic will help you analyze, prepare, and file your pay data with a comprehensive gap analysis, pay gap significance test, wage distribution analysis and equal pay risk assessment.
Seamless Data Transfer
Fast and secure data retrieval is key for conducting pay equity audits. PayParity software integrates seamlessly with leading global human resource information systems (HRIS) and Trusaic partners Workday, SAP, UKG and ADP.
Ease of Use
PayParity was built with the user experience in mind, which is why the software is easy to navigate, efficient, accessible and intuitive. After purchase, our expert team will assist with implementation to ensure the software is customized to fit your needs.
You'll learn how to analyze and interpret the data to formulate actionable strategies for your organization. Alongside the software is on-demand customer support from the team at Trusaic to ensure any questions you might have during your pay equity journey are answered.
The Business Case
Trusaic's PayParity software has saved our clients millions of dollars over the years while helping them achieve pay equity at their organizations.
The average net return per client is
$1,053,512
Average ROI
25.85
Certification
EDGE Certification
PayParity software is EDGE certified, an independent third party that recognizes organizations for their workplace equity efforts. Our software is also certified by the Fair Pay Innovation Lab. This means using PayParity will ensure your pay equity practices are compliant and defensible.
Security
Data Security
Trusaic's PayParity provides secure single sign-on capabilities through identity access management systems like Okta, bolstered by SOC 2 compliance and annual penetration testing. To ensure global data compliance, we employ recognized frameworks for international data transfers, facilitating seamless and secure cross-border data flows.
Purchase
How to Purchase
You can purchase PayParity by connecting with a Trusaic representative. Learn more by scheduling an appointment or by filling out a contact form and start your journey to achieving pay equity today.
