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
The U.S. Department of Labor today announced two final rules to improve hiring and employment of veterans and people with disabilities.
OFCCP had an extremely busy year in 2013 with the release of Directive 307 in February and the updated Federal Contract Compliance Manual (FCCM) in August. The agency also published the revised Section 503 and VEVRAA regulations on September 24, 2013. Federal contractors have certainly experienced many changes in 2014 as they implement the new regulations and comply with a number of executive orders and a Presidential Memorandum impacting pay transparency as well as sexual orientation and gender identify. DCI outlined the following regulatory summary to help you stay abreast of all the upcoming changes affecting federal contractors: