Salary Equity Software - HR Equator
Salary Equity Software
HR Equator is the most comprehensive and advanced salary equity software tool on the market. This proprietary software program enables a company to identify potential pay equity problems in its organization and, in turn, can assist in making salary adjustments if necessary. The software was developed with human resources professionals in mind. Basically, the software enables the non-technical HR professional to conduct advanced statistical analyses without being a statistician. HR Equator utilizes the most advanced statistical analyses that are accepted by the courts, EEOC, and the OFCCP, and the reports can be used to conduct comprehensive proactive or reactive analyses as part of an OFCCP or EEOC investigation. This software tool has been recognized as exactly what employers need to avoid costly compensation settlements and ensure non-discrimination in their pay practices.
Mirroring the methodologies employed by both the EEOC and the OFCCP, and recognized by the courts, these analyses and features include:
- Multiple Regression Analysis
- Program to Help Create Pay Analysis Groups
- Generation of Item 11 Report and Excel file
- Statistical Significance Tests (t-tests, Fisher’s exact test)
- Analyses Comparing Race/Ethnicity Sub-Groups as well as Minority-Nonminority Comparisons
- Factor Pattern Analysis
- Correlation Analysis
- Cohort Analysis (small group and large group)
- Back Pay Calculator
- Descriptive Statistics and Frequencies
On January, 28, 2015, OFCCP released the Notice of Proposed Rulemaking (NPRM) for the long awaited revisions to the Sex Discrimination Guidelines (RIN 1250-AA05).
OFCCP updated the Vietnam Era Veterans’ Readjustment Assistance Act (VEVRAA) Benchmark Database on its website, based on 2014 end-of-year data from the Bureau of Labor Statistics (BLS). Now, the Annual National Benchmark is 7 percent – a slight drop from the previous 7.2 percent benchmark. National and state information has also been updated in the VEVRAA Benchmark Database for federal contractors and subcontractors who calculate an individualized hiring benchmark using the five-factor method.
The Annual National Benchmark, as well as data for calculating individual hiring benchmarks, can be found at http://www.dol-esa.gov/errd/VEVRAA.jsp. Effective March 24, 2014, contractors required by VEVRAA to develop a written affirmative action program (AAP) must also establish a hiring benchmark for protected veteransRead More