A proactive approach to pay equity contributes positively to a company's public image, enhancing its appeal to customers, investors, and prospective employees. In this light, investing in pay equity is bigger than compliance; it's a strategic investment in the company's reputational value and long-term success.
With federal and state agencies requiring pay equity reporting, it is critical for employers to have visibility into the state of pay at their organizations. The Pay Equity Review report will meet OFCCP annual review obligations and provide evidence an evaluation was performed. The report also helps identify potential liabilities prior to submitting state pay data, uncovers red flag areas that may need further attention, and helps to inform your internal fair pay efforts. Please contact us to learn more about how you can take advantage of an annual pay equity review.
Audits can come at any time. We can review your compensation data and identify changes before you receive notice from the OFCCP concerning an audit. This is a much simpler and less costly process compared to an OFCCP finding of alleged discrimination that would include fines and press.
OutSolve’s compensation team works with clients to identify a strategy for advance pay equity analyses that goes beyond that standard. OutSolve will perform legally-defensible and comprehensive compensation analyses using statistical techniques that adhere to ethical and professional standards. Analyses include both statistical multiple regression models as well as other tests and cohort reviews. Additionally, OutSolve can assist with post-estimations and pay change implementation strategies.
.png?width=556&height=437&name=Website%20Service%20Page%20Images%20(2).png)
OutSolve offers expert staff to support external salary surveys using advanced survey tools to produce relevant market salary data. OutSolve works with clients to ensure accuracy by taking into consideration job descriptions and variables such as industry, geographical location, size of the company, and years of experience for all types of unique job titles.
OutSolve offers California (SB973) and Illinois (SB 1487) pay data reporting services so you can confidently meet state pay data and pay equity certification requirements.
