PayGap is a software platform that helps organizations identify and close pay equity gaps. It provides HR and finance teams with direct insights into potential pay disparities, streamlining analysis and compliance tasks to enable focused efforts on remediation.
Funding
Funding not disclosed
Founders
Product
Problem
Many organizations lack structured processes to identify and address pay disparities, especially with increasing pressure to comply with new pay transparency legislation. Without a dedicated solution, companies face risks related to potential liabilities and difficulty in demonstrating fair pay practices.
Solution
PayGap is a software platform designed to help organizations navigate the complexities of pay transparency and achieve pay equity. The platform delivers real-time pay audits, identifies risk areas, and guides users through corrective actions with expert-backed tools and insights. PayGap enables users to identify pay gaps by breaking down data across multiple dimensions, manage individual cases effectively, and mitigate future pay gaps by monitoring emerging disparities and setting appropriate salaries for new hires. The platform also monitors the evolving EU directive variants, adapting to ensure compliance with formal requirements.
Target Audience
PayGap is designed for HR and finance teams in organizations with over 100 employees, particularly those operating in Europe and subject to the EU's pay transparency legislation.
Features
- Real-time pay gap analysis with preset analytical models
- Advanced filtering capabilities to isolate specific data points and identify root causes of pay disparities
- Automated outlier identification and flagging for potential liability risks
- Case management module to manage and document employees requiring attention
- Documentation warehouse to store salary decisions and provide a solid defense in potential disputes
- Collaboration tools to assign cases to colleagues, prioritize outliers, and track progress
- Legislative monitoring to adapt the platform to ensure compliance with EU(2023/970) Directive