Achieve pay equity in Europe with Payscale
New hires, promotions, and internal transfers can make it difficult to keep tabs on pay equity within your organisation, but modern compensation software from Payscale can help. Easily monitor salaries, close pay gaps, and build credibility with your workforce using Payscale’s Pay Equity solution.
Pay equity matters more than ever
A commitment to diversity, equity, inclusion, and belonging (DEIB) means that closing the gender and racial pay gaps is not only a legal requirement, but a socio-economic imperative critical to demonstrating company values and enabling growth.
Pay equity must be managed continuously
Pay equity is often perceived as a project that begins with an audit to measure potential pay gaps between employees. Pay disparities between workers doing the same job must be defensibly tied to compensable factors — experience, skills, location, and responsibilities — not race, gender, or other protected characteristics.
However, it’s wise to think of pay equity as an ongoing strategic program that ensures fair pay through continuous monitoring — which helps attract, retain, and engage talent. Because organisations are always changing, pay equity needs to be assessed with:
- Every hire
- Every pay raise
- Every promotion
- Every change to the organisation
See how pay equity can transform your business
Discover how you can identify, monitor, and close your pay gaps.
Schedule a personalized demoBegin pay equity with the right mindset
Culture
Demonstrate your organization's values and commitment to diversity, equity, inclusion, and belonging (DEIB) by closing pay gaps.
Develop a reputation for treating all workers fairly with equitable pay practices that are proudly and transparently communicated.
Streamline operations around ensuring fair and equitable pay with automated technology, advanced analytics, and compliance reporting.
Pay equity solutions from Payscale
Monitor pay equality continuously
With Payscale’s pay equality software, you can track insights on pay equality trends within your organisation so you can identify key areas of risk, understand where pay gaps are explained by non-monetary factors and track remedial actions and progress toward pay equality where they aren’t.
- Monitor controlled and uncontrolled pay gaps
- Quickly check whether pay is fair comparatively across cohorts
- Model the pay increases required for remediation at the employee level
- Model total budgets required for remediation across groups
- Assess the impact of pay raises on pay equality as part of compensation planning
Fresh perspectives on pay equity
2023 Compensation Best Practices Report
This edition of the report shares insights and data based on the 806 survey responses from organizations in Europe (Finland, France, Germany, Ireland, Netherlands), as well as the United Kingdom (UK) between October 2022 and December 2022.
2023 Gender Pay Gap Report
The gender pay gap reveals how much women are paid compared to men. Payscale's Gender Pay Gap Report includes analysis by race, job level, age, education, industry, occupation, and location (metro area), as well as reasons for the gender pay gap.
2023 European Compensation Best Practices Panel
Join Payscale’s Chief Product Evangelist, Ruth Thomas; Senior Product Manager, Charlotte Rooney; and Europe Account Executive, Rob Airdrie, for a panel discussion on the most interesting highlights, insights, and trends from this year’s report.
The latest in pay transparency legislation
The conversation around pay transparency has been largely driven by the recent pay transparency directive recently announced in the EU. While this legislation will be driven by individual countries, it’s effects will be far-reaching with many of the laws potentially requiring employers to post ranges even if they have just a few employees in that country. The team at Payscale has made it our mission to track this legislation and help our customers adapt to it.
