Banding & Pay Equity
A Pay Equity Plan is formal document that outlines the major components and aspects of your Pay Equity project and includes (but is not limited to): Organi...
Thu, 25 Mar, 2021 at 10:49 AM
Description: An Optimized Pay Equity Analysis uses a series of algorithms and rules to test and identify a generally acceptable banding scenario that has l...
Thu, 25 Mar, 2021 at 3:11 PM
Once an Optimized Pay Equity Analysis has been completed it will not change the banding scenario regardless of whether or not the project inputs are updated...
Thu, 25 Mar, 2021 at 3:11 PM
In the Banding table you can select the field with the name of the scenario you wish to change and simply make any edits required. Everything is saved in r...
Thu, 25 Mar, 2021 at 3:35 PM
"Project Updated Since Optimized" is only relevant to banding scenarios that were created using the OPTIMIZE PAY EQUITY ANALYSIS button. If cha...
Thu, 25 Mar, 2021 at 3:41 PM
You can change existing banding scenarios in 2 different ways. 1. Clicking the EDIT button in the banding table associated to the banding scenario will ...
Thu, 25 Mar, 2021 at 3:47 PM
By default the Compensation Tool will always calculate proportional value (PV) based on the actual point total of the applicable female Job Class. If you r...
Tue, 30 Mar, 2021 at 11:31 AM
To view a Pay Equity Analysis associated to a created banding scenario, click the PAY EQUITY button in the Banding Table associated to the banding solutio...
Tue, 30 Mar, 2021 at 11:39 AM
A Pay Equity analysis uses all of the provided data in the project to identify the most cost efficient Pay Equity comparators associated to your banding sol...
Tue, 30 Mar, 2021 at 11:53 AM
Every Pay Equity analysis is unique based on the associated banding scenario. You can test hundreds of unique scenarios to find the scenario that works bes...
Tue, 30 Mar, 2021 at 12:04 PM